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Articles Posted in Chicago and Oak Brook shareholder oppression attorney

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Court Dismisses Breach of Fiduciary Duty Claims against Directors for Optimistic Earnings Forecasts

Directors of a corporation owe fiduciary duties to the shareholders of the company. This means that when directors communicate with shareholders about the company, they have a fiduciary duty to exercise due care, good faith and loyalty. Directors can be held personally liable if they intentionally or recklessly mislead shareholders…

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