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2nd Circ. Affirms Call To Toss Ship Investor's Derivative Suit

By Jack Newsham (April 26, 2017, 8:44 PM EDT) -- An investment company that sued the directors of Star Bulk Carriers Corp. for cutting deals that allegedly harmed the company's bottom line was defeated Wednesday in the Second Circuit, which said F5 Capital failed to show that making demands of the directors would have been futile, and clarified its authority in an area where precedent was "virtually nonexistent."...

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