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Vertex investor can proceed with records lawsuit - Mass. top court
March 20, 2017 / 9:39 PM / 6 months ago

Vertex investor can proceed with records lawsuit - Mass. top court

Massachusetts’s highest court on Monday revived a lawsuit by a shareholder of Vertex Pharmaceuticals Inc seeking access to corporate records to investigate whether the drugmaker’s board breached its duties to investors.

The Massachusetts Supreme Judicial Court ruled that a lower- court judge had applied too demanding a standard in dismissing the lawsuit after concluding the plaintiff had failed to show a proper purpose required to inspect corporate records.

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