HOUSTON - An investor has failed to show that a company's board of directors breached its fiduciary duty by approving executive compensation for the company's CEO even though the company had a "dismal" financial record over the previous year, a federal judge in Texas ruled Feb. 26 in dismissing the investor's complaint with leave to amend (E. Howard King Jr. v. John F. Terwilliger, et al., No. 12-2182, S.D. Texas; 2013 U.S. Dist. LEXIS 2583)....(read more)![]()
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