Epiq Backdating Suit Advances Without Some Claims

Law360, New York (June 4, 2009, 12:00 AM EDT) -- A federal judge has dismissed certain claims from a shareholder derivative lawsuit that accuses officers and directors of Epiq Systems Inc. of stock options backdating, but the remainder of the case will be allowed to move forward.

In an order issued Wednesday, Judge Carlos Murguia of the U.S. District Court for the District of Kansas tossed a constructive fraud state law claim brought by plaintiff Alaska Electrical Pension Fund. But the judge kept in Alaska Electrical's breach of fiduciary duty, unjust enrichment, corporate waste, abuse of...
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