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Innoviva Investor Wins Board Seats In Chancery Proxy Suit

By Vince Sullivan ( December 8, 2017, 7:58 PM EST) -- A shareholder of drug developer Innoviva Inc. won a battle with the company over the makeup of its board of directors Friday when a Delaware Chancery Court judge determined that a deal among the parties to resolve the investor's proxy fight was valid and should be enforced, requiring two investor nominees to be added to the company's board....

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