it's pensive that Stephen B. Brauerman has not filed a letter to Judge Andrews requesting for things to progress, proceed (unusual from his pattern of conduct in the past) which makes me ponder whether they are in serious talks.. .
based on this D & O litigation premise, it seems the only reason cisco disclosed in their financials is FEAR OF REPRISAL >>>
web ~ a very frothy level of securities class action lawsuits, as well as an increasing interest in plaintiffs using derivative suits (breach of fiduciary suits) to sue directors and officers.”
Despite the best efforts of competent and well-meaning directors and officers, businesses and other organizations still fail from time to time.
When companies falter, disgruntled owners, investors, creditors, and customers will often raise claims of mismanagement by senior executives and board members, particularly when insurance may be available to fund recoveries. As a result, directors and officers are common targets for breach of fiduciary duty or similar claims, particularly in bankruptcies, reorganizations and other insolvency proceedings in which the trustee and other stakeholders are looking to hold senior management accountable.
