Andrews Corporate Officers and Directors Liability Litigation Reporter
February 26, 2001
Breach of Duty
Copyright (c) 2001 Andrews Publications
CHARGE THAT LEBOW SIPHONED CAPITAL FROM SUBSIDIARY TO PARENT MAY PROCEED
In re New Valley Corp. Derivative Litig.
A Delaware state court judge has allowed shareholders to proceed with their charges that financier Bennet LeBow and other directors of New Valley Corp. breached their duties by approving what allegedly amounted to a transfusion of capital from New...