Shareholder Says Company Directors, Officers Breached Their Fiduciary Duties

Shareholder Says Company Directors, Officers Breached Their Fiduciary Duties

SAN JOSE, Calif. - A shareholder told a federal court in California on Jan. 13 that certain of a company's directors and officers breached their fiduciary duties by making improper and misleading statements about the health of the company despite knowing that demand for the company's products was dwindling (The Police Retirement System of St. Louis v. David A. Flynn, et al., No. 14-cv-00190, N.D. Calif.).

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