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N.Y. court uses business-judgment standard for pre-discovery dismissal

2014-11-28 02:49:57| Footwear - Topix.net

A four-page opinion from an appellate court in New York suggests a way to insulate companies and their boards from lawsuits in going-private transactions. The decision stems from the 2012 buyout of Kenneth Cole Productions Inc. by its namesake chairman and founder.

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