Stillwater CEO Returns Stocks In Wake Of Shareholder Suit

Law360, New York (April 10, 2013, 6:58 PM EDT) -- Feeling the heat from a new shareholder derivative suit, the CEO of Stillwater Mining Co. will give back a portion of his equity bonuses from past years as a larger battle to oust the mining company's board of directors continues to brew. 

The Montana-based company said its compensation committee rescinded nearly 105,000 shares of stock that CEO Francis R. McAllister got as incentive awards in 2012 and 2010 in response to a derivative lawsuit filed last week in Montana federal court, according to its filing with...
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Case Information

Case Title

Jurgelewicz v. McAllister et al


Case Number

1:13-cv-00047

Court

Montana

Nature of Suit

Securities/Commodities

Judge

Sam E Haddon

Date Filed

April 4, 2013

Law Firms

Companies

Government Agencies

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