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Browse: Home / 2013 / April / 29 / Delaware judge tells directors: You can run, but liability follows — Reuters

Delaware judge tells directors: You can run, but liability follows — Reuters

By Securities Docket on April 29, 2013, 7:41 am

For the second time this year, a judge has warned independent directors of a Delaware corporation with Chinese operations that their personal wealth can be at risk in shareholder lawsuits even after they resign their directorships….

On Thursday, Vice Chancellor Sam Glasscock of Delaware Chancery Court refused to dismiss a lawsuit that seeks to hold current and former directors of Fuqi International Inc responsible for widespread accounting problems.

via Delaware judge tells directors: You can run, but liability follows — Reuters

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Posted in Class Actions, Global, Top | Tagged Board of Directors

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