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Chancery Tosses Suit Over Swift Founder's Borrowing

By Matt Chiappardi (July 19, 2017, 10:20 PM EDT) -- A Delaware Chancery judge on Wednesday threw out derivative claims alleging Swift Transportation Co.'s board failed to control founder and retired CEO Jerry Moyes' practice of borrowing against his stake in the company, ruling that "at bottom" the suing shareholder simply disagrees with the directors' business judgment....

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