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Lawsuit Overview
In effort to stop the proposed takeover an investor in NewAlliance Bancshares, Inc. (NYSE:NAL) has filed a lawsuit in State Court alleging breaches of fiduciary duty by the NAL board of directors for selling New Alliance Bancshares too cheaply to First Niagara Financial Group. According to the complaint the plaintiff alleges that defendants breached their fiduciary duty by the attemp...
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