Parlux Shareholder Awarded Fees In Perfumania Merger Row

Law360, Wilmington (October 1, 2012, 9:15 PM EDT) -- A Delaware state judge on Monday dismissed motions from Parlux Fragrances Inc. seeking to sanction the shareholder and attorneys who challenged the company's $118 million merger with Perfumania Inc. and instead granted in part the fee request made by the plaintiff.

Parlux and its defendant directors claimed the securities suit had been brought in bad faith, not by an informed shareholder seeking redress but by lawyers seeking a fee, and sought to sanction both shareholder Jose Dias and his attorneys by saddling them with their own...
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