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Del. Action Against CytRx Stayed Pending Calif. Court Deals

By Pete Brush (May 4, 2016, 7:34 PM EDT) -- A Delaware Chancery Court judge has stayed a derivative action accusing biopharmaceutical company CytRx Corp.'s board of sanctioning a brazen stock-pumping scheme, finding the suing investors filed their case late and giving deference to two pending California federal court class settlements in the pipeline from earlier actions....

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