Shareholder Asks Court To Give Final Approval To Derivative Suit Settlement

Shareholder Asks Court To Give Final Approval To Derivative Suit Settlement

WILMINGTON, Del. - A shareholder told a federal court in Delaware on Oct. 7 that a settlement reached with directors and officers of a corporation in a shareholder derivative lawsuit is fair, reasonable and adequate and should be approved by the court (Jared Staal, derivatively on behalf of K12 Inc. v. Andrew H. Tisch, et al., No. 12-cv-00365, D. Del.).

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