A Delaware judge has ordered the CEO and then-general counsel of Dole Food Co. Inc. to pay $148 million in damages for misleading directors and shareholders in a deal that took the company private in 2013.
Chancery Court Vice Chancellor J. Travis Laster said Thursday that billionaire David Murdock and former Dole chief operating officer and general counsel C. Michael Carter breached their fiduciary duties of loyalty and received an “improper personal benefit,” according to news reports.
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