Derivative Suit Against MIPS Dismissed, For Now
U.S. Judge Ronald M. Whyte of the Northern District of California on Friday granted MIPS' motion to dismiss because lead plaintiff Joseph Carco had failed to address the company's board of directors prior to filing the suit.
Carco, a MIPS shareholder, had claimed that addressing his complaints with the board would have been futile. However, Judge Whyte...
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