Mealey's Securities/D&O Liability - Judge Says Directors Did Not Breach Their Fiduciary Duties

CHICAGO - A federal judge in Illinois on April 7 granted certain of a company's directors' and officers' motion to dismiss a shareholder derivative lawsuit because the alleged breaches of fiduciary duty were the product of valid business judgment (Jan Donnawell v. Daniel Hamburger, et al., No. 12-cv-09074, N.D. Ill.; 2014 U.S. Dist. LEXIS 47831).

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