January 09, 2015
An Ohio federal judge gave the final go-ahead Thursday to retailer Abercrombie & Fitch Co.'s settlement with a shareholder in a derivative suit accusing company directors of violating their fiduciary duties by failing to link CEO pay with performance and other lapses, saying the deal is fair to all parties.
September 26, 2014
An Ohio federal judge on Friday rejected retailer Abercrombie & Fitch Co.'s settlement with a shareholder who accused company directors of violating their fiduciary duties by failing to link CEO pay with performance and other lapses, saying the plaintiff hasn't shown the deal is fair.
August 29, 2014
Retailer Abercrombie & Fitch Co. on Friday reached a settlement in Ohio federal court with a shareholder who accused company directors including CEO Michael Jeffries of violating their fiduciary duties by failing to link CEO pay with performance and other lapses.