Orchids Investor Says Director Ouster Bylaw Violates Del. Law

By Matt Chiappardi (September 1, 2017, 3:51 PM EDT) -- A shareholder of Orchids Paper Products Co. launched a Delaware Chancery lawsuit late Thursday challenging a company bylaw that only allows directors to be removed "for cause," arguing that it violates the First State's corporate law that allows board members to be ousted with or without cause in most circumstances....

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