Judge: Shareholder Pleaded Breach Of Fiduciary Duty Claim In Securities Suit

Judge: Shareholder Pleaded Breach Of Fiduciary Duty Claim In Securities Suit

TAMPA, Fla. - A shareholder has properly shown that a company's directors breached their fiduciary duty by their actions during a merger deal, a federal judge in Florida ruled Oct. 22 in granting in part and denying in part the defendants' motion to dismiss (Alan Gault v. SRI Surgical Express Inc., et al.,  No. 12-1389, M.D. Fla.; 2012 U.S. Dist. LEXIS 151409).

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