Jaguar Mining Board Says Claims Over $1B Deal Not Valid

Law360, New York (November 22, 2013, 3:14 PM EST) -- Three directors of Jaguar Mining Inc. on Thursday asked a New Hampshire federal judge to quash claims brought by shareholders and former executives over a botched $1 billion deal with a Chinese firm and the subsequent firing of Jaguar's CEO, arguing they weren’t on the company’s board at the time.

Board members Richard Falconer, David Petroff and Frederick Hermann contend that the suit alleging that investors missed out on millions in potential profits after the Jaguar board ignored a $1 billion offer from the gold miner...
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