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Delaware Court Blocks Clear Channel's D&O Claim Against AIG - Data Intelligence
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Delaware Court Blocks Clear Channel's D&O Claim Against AIG - Data Intelligence
This case came out of trouble that started in January 2018, when Clear Channel Outdoor Holdings, Inc. found out that an employee at its then-majority-owned subsidiary, Clear Media Limited, had misappropriated funds. That led to internal investigations and a delay in financial reporting, which triggered the attention of the Securities and Exchange Commission. By August 2018, the SEC had launched a formal investigation. During that probe, the SEC …
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