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Stockholders Allege Director/Employee Options Undervalued; No Independent Appraisal Evident

Before the court is a motion to dismiss based on the plaintiff's allegation of a breach of fiduciary duties.

Noerr v. Specialty Equipment Companies

At issue is whether the defendants breached their fiduciary duty of loyalty by granting themselves options at an exercise price far below the shares' market value in a self-dealing transaction.

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