Shareholder Derivative Action Filed by BSF Against CEO of Modell's Sporting Goods
June 9, 2011
As part of several actions being handled by the firm in connection with Modell’s Sporting Goods, BSF filed a shareholder derivatives suit on behalf of Shelby Modell and the company on June 9, 2011, in New York State Supreme Court. The complaint alleges that Mitchell Modell, CEO of the company and son to Shelby and the late Bill Modell, has been routinely engaging in corporate misconduct including self-dealing, misappropriation, breach of fiduciary duty and corporate waste.
Please follow the below links for media covearge of this case.
American Lawyer [subscription], June 10, 2011
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Related Practice: White Collar Defense