Mealey's Securities/D&O Liability - Judge Approves $20 Million Settlement Of Shareholder Derivative Suit

CHICAGO - A federal judge in Illinois on Jan. 28 gave final approval to a $20 million settlement of a shareholder derivative lawsuit in which the shareholder had accused an education company's directors and officers of breaching their fiduciary duties (Amy Cook v. Gary E. McCullough, et al., No. 11-cv-09119, N.D. Ill.).

Access this news story on lexis.com®