OptimisCorp came up short in its bid to recoup losses the physical therapy chain blamed on three former executives who refused to turn over millions they won in an arbitration against the company’s ex-lawyer.
A Delaware Chancery Court judge awarded a token $1 on Monday to Optimis, which prevailed in earlier rounds of its long-running litigation against founder William Atkins and two other ousted board members. The company proved the ex-directors kept winnings from the legal malpractice case that should have gone to Optimis, but the lawsuit failed to tie the alleged damages to that narrow fiduciary breach, Vice Chancellor ...
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