Mealey's Securities/D&O Liability - Shareholder: Directors And Officers Sold Stock Before Making Bad News Public

LOS ANGELES - A company shareholder said in a federal court in California on April 15 that certain of the company's directors and officers breached their fiduciary duty by causing the company to make false and misleading statements and that a number of the directors and officers sold stock before the news that the statements were false broke (Marc Hagan v. Deepak Chopra, et al., No. 14-cv-02910, C.D. Calif.).

Access this news story on lexis.com®