Director Defendants definition
Examples of Director Defendants in a sentence
The Complaint names as defendants those current and former members of Cendant's Board of Directors (the "Director Defendants") who were both named as defendants in, and approved the settlement of, the Securities Action (the "Settlement").
Also on or about November 16, 2000, the Director Defendants moved to stay the ▇▇▇▇▇▇ Action pending resolution of the Deutch Action.
The Company and the Director Defendants are not presently aware of any defenses, objections or any other rights the Company may have with respect to any claim by ▇▇▇▇ ▇▇▇▇▇▇▇ or ▇▇▇▇ ▇▇▇▇▇▇▇ to receive such pension and other benefits.
Immediately upon execution of this Settlement Agreement, the Company, the Director Defendants, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Foundation, and the other ▇▇▇▇▇▇▇ Entities will dismiss, with prejudice, the Governance Lawsuits; provided, however, that nothing herein shall in any way limit the rights of any third parties, including shareholders, that are not parties to this Settlement Agreement.
The Complaint alleges that the decision of the Director Defendants to approve the Settlement constituted a breach of their fiduciary duties of loyalty and good faith, and seeks a monetary judgment in an unspecified amount in favor of nominal defendant Cendant.