Most Of Fiduciary Duty Claims Survive Dismissal Motions By Piggly Wiggly Defendants

Mealey's (September 22, 2017, 9:03 AM EDT) -- CHARLESTON, S.C. — A South Carolina federal judge on Sept. 19 trimmed claims challenging above-market leases and excessive executive compensation, but otherwise denied motions to dismiss filed by Piggly Wiggly Carolina Co. Inc. (PWCC), its former executives and two other individuals sued by former employees for allegedly destroying the value of company stock held by the Employee Stock Ownership Plan and Trust (Dana Spires, et al. v. David R. Schools, et al., No. 16-616, D. S.C., 2017 U.S. Dist. LEXIS 152128)....