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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.