No Proof Potomac Hurt Investors In PLX Deal, Chancery Says

By Vince Sullivan (October 16, 2018, 9:32 PM EDT) -- Shareholders of semiconductor firm PLX Technology Inc. failed to prove that breaches of fiduciary duty by its directors caused them any financial harm, a Delaware Chancery Court judge ruled Tuesday, saying that activist investor Potomac Capital Partners LP was off the hook for claims of impropriety over its role in the acquisition of PLX....

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