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Chancery Denies Forte Biosciences' Bid To Toss Investor Suit

By Leslie A. Pappas ( April 15, 2024, 9:26 PM EDT) -- Board members of a struggling clinical-stage biopharmaceutical company who allegedly took defensive measures to stay in power after activist investors pushed the company to liquidate must face a stockholder's Delaware Chancery Court derivative suit that they breached their fiduciary duties to shareholders, a vice chancellor said Monday....

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