Skip to main content, Inc. board hit by shareholder lawsuit

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Lawsuit Overview

At least five separate shareholders of YouBet have filed lawsuits in Los Angeles Superior Court alleging that Churchill Downs is underpaying for the Burbank company. The plaintiffs are seeking an unspecified amount of damages and a possible halt to the merger. According to the complaint the plaintiff allege breaches of fiduciary duty by the Board of Directors of arising ou...

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