lmorovan:
Have you ever seen this?
"3. The petition (as amended) alleges that defendants R. Boone, M. Baker, C. Blackwell, and R. Baker (collectively, the "Individual Defendants") have been directors and/or officers of Loch; owe fiduciary duties to the plaintiffs and class members; and breached those duties. Specifically, plaintiffs allege among other things that the Individual Defendants (i) failed for more than four years to convene a meeting of the shareholders of Loch to elect board members; (ii) caused or allowed Loch to fail to file periodically required reports with the U.S. Securities & Exchange Commission ("SEC"); (iii) caused or allowed Loch's independent auditors to resign and to withdraw financial reports for certain periods, citing accounting irregularities; (iv) caused or allowed Loch to fail to comply with an asset purchase agreement by which Loch acquired shares in CDEX, Inc.; and (v) failed to comply with fiduciary duties of loyalty and care and failed to exercise sound business judgment in the management of Loch. Plaintiffs allege that these and other actions of the Individual Defendants caused and continue to cause waste of Loch's assets and harm to Loch and its public shareholders."
Still waiting on your proof
knock knock
AI
