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Lessons from the $148M Fraud by Dole's GC and CEO

Last month, we discussed the fact that the Delaware Chancery Court ordered Dole Food Co. Inc. CEO David Murdock and COO and General Counsel C. Michael Carter to pay Dole shareholders $148 million for fraud in connection with the company's 2013 take-private deal. The Aug. 27 decision is one of the largest awards ever to shareholders in a deal-related lawsuit. We conclude this discussion herein.

9 minute read November 30, 2015 at 11:00 PM
By
Karen Brunton Bloom, Evelyn Cruz Sroufe and Luis R. Mejia
Lessons from the $148M Fraud by Dole's GC and CEO

Last month, we discussed the fact that the Delaware Chancery Court ordered Dole Food Co. Inc. CEO David Murdock and COO and General Counsel C. Michael Carter to pay Dole shareholders $148 million for fraud in connection with the company's 2013 take-private deal.

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