TITLE

Brooks Sued by Shareholders

PUB. DATE
June 2006
SOURCE
Electronic News;6/5/2006, Vol. 52 Issue 23, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a shareholder derivative lawsuit filed against automation and integrated subsystems provider Brooks Automation Inc. in the Superior Court of the Commonwealth of Massachusetts on May 23, 2006. The lawsuit alleges Brooks of breaches of fiduciary duties and unjust enrichment in connection with certain prior stock option grant practices. Brooks has been named as a nominal defendant in the case. The company's board of directors and management intend to review the allegations and will address the matter and respond in a manner it considers to be in the best interests of the shareholders.
ACCESSION #
21297946

 

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