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Re: dipstick55 post# 30605

Wednesday, 05/11/2011 5:51:22 PM

Wednesday, May 11, 2011 5:51:22 PM

Post# of 34471
Loeb owes no duty to shareholders. CCME is Loeb's client. Loeb only owes a duty to CCME. This can include CCME officers. Where there is a conflict of interest between CCME and its officers is Loeb's problem to sort out. That's partly why a different law firm is brought in (DLA Piper) to represent CCME's Independent Directors.

-Andrew
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