A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
Edward Herrmann, an actor noted for playing Franklin D. Roosevelt, for narrating “History Channel” programs, and for portraying Richard Gilmore in the “Gilmore Girls,” had engaged a firm to provide his company, Baloo Enterprises Ltd., with bookkeeping and related business management services.
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