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Internet Bank Largely Escapes 'Unripe' Derivative Suit

By Hayley Fowler (June 8, 2018, 6:46 PM EDT) -- A California federal judge all but tossed Bank of Internet shareholders' derivative suit against board members for allegedly damaging the company's reputation and incurring a host of legal and investigative fees stemming from shady business dealings, calling the claims "unripe" and finding that the bulk of the complaint relies too heavily on the outcome of related litigation....

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