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ProfitPoint Controller Says Liquidation Was Above Board

By Vince Sullivan (April 10, 2017, 9:14 PM EDT) -- The majority investor of gift card services startup ProfitPoint Inc. told a Delaware state court judge Monday that a derivative action filed by a minority shareholder should be tossed because it doesn't provide any facts to support claims the controller breached its fiduciary duties when the company liquidated and sold to another entity in 2013....

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