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Lawsuit Overview
June 08, 2012 (Shareholders Foundation) -- An investor in NYSE:TLB shares filed a lawsuit against directors of The Talbots, Inc. to stop the proposed takeover of The Talbots, Inc. by Sycamore Partners LLC. The plaintiff alleges that the defendants breached their fiduciary duties by failing to act in the best interest of NYSE:TLB shareholders. In December 2011, the Talbots, Inc. anno...
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