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Applied Signal Technology, Inc. Investor Files Lawsuit In Effort To Block Buyout

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Lawsuit Overview

An investor in APSG shares filed a lawsuit in State Court against directors of Applied Signal Technology and Raytheon Company alleging breach of fiduciary duties arising out of the attempt to sell Applied Signal Technology too cheaply via an unfair process to Raytheon Company. On December 20, 2010, Applied Signal Technology, Inc. (NASDAQ: APSG) announced that it has entered into an ...

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