Bank's Brass Beats Derivative Suit Over Steep Stock Loss
By Cara Mannion ( March 1, 2017, 8:25 PM EST) -- A California federal judge on Wednesday tossed a derivative shareholder suit alleging that Bank of Internet's board of directors engaged in multiple schemes that led to a one-day share fall of 30 percent once news broke of a whistleblower complaint, saying the investors needed to ask for the board's response to the allegations before filing their suit....
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