Claims Cut In Collins & Aikman Suit Against Execs

Law360, New York (October 1, 2009, 5:45 PM EDT) -- A federal judge has agreed to throw out securities fraud and other claims in a lawsuit by defunct auto parts maker Collins & Aikman Corp. against its former executives and auditors alleging they engaged in a misguided spate of acquisitions that led to the company's collapse.

Judge Sue L. Robinson of the U.S. District Court for the District of Delaware on Wednesday adopted most of a magistrate judge's report, which recommended dismissing the claims — including securities fraud, breach of fiduciary duty and unjust enrichment —...
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