Chancery Tosses Mixmax Derivative Suit

By Leslie A. Pappas (March 28, 2024, 8:08 PM EDT) -- A stockholder who filed a derivative suit against two Mixmax Inc. directors without first notifying the company's board has failed to prove that a majority of the board was too compromised to respond to the shareholder's concerns, so the lawsuit must be dismissed, a Delaware Chancery Court judge ruled....

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