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Two recent decisions could impact the future liability of directors at public and private companies. A federal court in New York found a former Trace International Holdings CEO and several board members liable for more than $40 million in damages. And in a separate case, a Delaware judge allowed a derivative lawsuit brought by shareholders against The Walt Disney Co., its board of directors and Michael Ovitz to proceed toward trial.
July 15, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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