Timber Co. Exec's Family Feud Over Accounting Costs Nixed

Law360, New York (May 31, 2013, 6:09 PM EDT) -- The ousted director of a family-run timber business lost her bid Thursday to hold her two brothers liable for alleged self-dealing tied to their use of corporate accounting services, after a Delaware judge ruled that she could not prove the brothers were disloyal to company shareholders.

Vice Chancellor John W. Noble entered judgment in favor of Missouri-based Dardanelle Timber Co. Inc. and two of its directors, Perry H. Sutherland and Todd L. Sutherland, in a long-running derivative suit brought by their sister Martha S. Sutherland, a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.