Directors of MSC Software Corp. gave themselves and other insiders preferential treatment at the expense of common shareholders in selling MSC to (nonparties) Symphony Technology Group and Elliott Management Co. for $360 million, MSC shareholders claim in Orange County Court, Calif.
Supervalu inflated its share price through false and misleading statements, shareholders claim in Manhattan Federal Court.
Greenville Tube Co. filed for bankruptcy in Delaware, listing $210 million in debts.
J.L. French Automotive Casings and affiliates, including Nelson Metal Products and Allotech International, filed for bankruptcy in Delaware, listing more than $100 million in debts.