Judge Ends Shareholder Suit Because Shareholder Did Not Show Director Interest

Judge Ends Shareholder Suit Because Shareholder Did Not Show Director Interest

WILMINGTON, Del. - A federal judge in Delaware on Nov. 13 dismissed a shareholder derivative suit against certain of a company's directors and officers, because the shareholder failed to prove that the defendants were financially interested in the outcome of a proxy vote (Ruth Abrams v. James L. Wainscott, et al., No. 11-cv-00297, D. Del.; 2013 U.S. Dist. LEXIS 161556).

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