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Monday, March 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Derivative

Directors of iStar Financial, a commercial real estate finance company, propped up its share price by false and misleading statements and when the truth came out the price dropped from $27 to $6, knocking more than $1.5 billion off its market capitalization, according to a derivative complaint in Manhattan Federal Court.

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