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Lawsuit Overview
An angry investor has filed a proposed securities class action lawsuit in Delaware Chancer Court on behalf of current investors in FiberNet Telecom Group, Inc. (Public, NASDAQ:FTGX), who purchased their FTGX shares before May 28, 2009, over alleged breaches of fiduciary duty and other violations of state law by the Board of Directors of FiberNet. According to the complaint the plaint...
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