Mealey's Securities/D&O Liability - Judge Dismisses Suit After Corporation's Committee Finds No Merit In Case

SPRINGFIELD, Mass. - A federal judge in Massachusetts on March 12 dismissed a shareholder derivative suit, agreeing with a corporation's board's committee, which had asserted that the suit was not in the best interests of the corporation (Aaron Sarnacki v. Michael F. Golden, et al., No. 11-cv-30009, D. Mass.; 2014 U.S. Dist. LEXIS 32007).

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