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Electronics Co. Ducks Derivative Suit Over CEO's Stock Deals

By Dean Seal (November 15, 2018, 5:53 PM EST) -- A Delaware chancellor dismissed a derivative suit on Wednesday that claimed members of Richardson Electronics Ltd.'s board breached their fiduciary duties by failing to properly disclose or take action for three substantial repurchases of stock controlled by the company's CEO, citing a lack of reasonable doubt about the board's good faith or due care....

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