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Necco Trustee Says Board Nixed Sweet Prebankruptcy Deal

By Chris Villani (September 4, 2018, 1:13 PM EDT) -- The trustee representing the once iconic but now bankrupt New England Confectionery Co., better known as Necco, sued the company's board of directors Friday in Massachusetts federal court alleging they committed a gross breach of fiduciary duty by ignoring a promising buyout offer in order to benefit conflicted board members....

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