Parlux Wants Internet-Recruited Shareholder Sanctioned

Law360, Wilmington (May 2, 2012, 9:28 PM EDT) -- Parlux Fragrances Inc. asked a Delaware court on Wednesday to sanction the shareholder and attorneys that challenged the company's merger with Perfumania Inc., alleging the Internet-recruited shareholder was too uninformed to serve as plaintiff in the class action.

Counsel for Parlux and its board want their fees paid by plaintiff Jose Dias, or his attorneys, as a penalty for “bad faith litigation conduct,” according to a brief filed in Delaware Chancery Court.

Dias put his name on a complaint alleging the proxy statement on the merger...
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