AmerisourceBergen Sued Over CEO's Hefty Stock Payout

Law360, New York (February 8, 2013, 3:10 PM EST) -- AmerisourceBergen Inc. was hit with a shareholder derivative suit in Pennsylvania federal court Thursday that alleged the pharmaceutical wholesaler giant’s compensation committee allowed the company CEO to reap excessive stock awards and bonuses in breach of its fiduciary duty.

Shareholder IClub Investment Partnership alleges that members of the board of director’s compensation and succession planning committee at Amerisource knowingly granted a large number of stock options, restricted stock units and performance share units to Amerisource President and CEO Steven H. Collis last year in violation of...
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