Mealey's Securities/D&O Liability - Judge Denies Motion For Final Approval Of Shareholder Derivative Suit Settlement

Mealey's Securities/D&O Liability - Judge Denies Motion For Final Approval Of Shareholder Derivative Suit Settlement

NEW YORK - A federal judge in New York on March 18 declined to give final approval to the settlement reached in a shareholder derivative lawsuit because the settlement does not require the company to become compliant with certain security laws (Carl Braun v. Zhiguo Fu, et al., No. 11-cv-04383, S.D. N.Y.).

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