Shareholder Hasn’t Shown Any Breach Of Fiduciary Duty, Defendants Argue

(May 12, 2017, 1:13 PM EDT) -- SHERMAN, Texas — Dismissal of a shareholder derivative lawsuit against certain current and former executive officers and directors of Rent-A-Center Inc. is proper because the shareholder failed to show that the defendants breached their fiduciary duty in their communications regarding the status of the company’s new point-of-service (POS) system, the defendants argue in an April 25 motion to dismiss filed in Texas federal court (Arnaud van der Gracht de Rommerswael v. Mark E. Speese, et al., No. 17-0227, E.D. Texas)....

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