District Court, N.D. Illinois December 4, 1995, 95 C 4086 (Ludgate Ins. Co. Ltd. v. Becker)
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United States · · · 04-12-1995
MEMORANDUM AND ORDER
MORAN, Senior District Judge.
Plaintiff Ludgate Insurance Company Limited (Ludgate) brought this action against B. Frederick Becker (Becker) and William E. Lape (Lape), two of Ludgate’s former directors, for breach of fiduciary duty in relation to their approval of a commutation agreement which allegedly deprived Ludgate of assets without adequate compensation.
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