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Hypercom Corporation Investor Files Lawsuit Against Hypercom Directors

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Lawsuit Overview

An investor in Hypercom Corporation (NYSE:HYC) filed a lawsuit in State Court alleging breaches of fiduciary duties by board of directors in connection with the proposal by VeriFone Systems to take over Hypercom Corporation. According to the complaint the plaintiff alleges that Hypercom's board of directors violated its fiduciary duty by rejecting two takeover offers from Verifone Ve...



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