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Home / Law / Justice / Livonia, Avon and Lakeville Railroad Corp. reverse stock split deemed fair

Livonia, Avon and Lakeville Railroad Corp. reverse stock split deemed fair

Did the defendants breach their fiduciary duties to the plaintiff when they recommended a reverse stock split and in fixing a "less than fair" value for fractional shares left over after the split≠This was the issue before New York State Supreme Court Judge Thomas A. Stander in Benjamin L. Anderson v. Eugene H. Blabey II, ...