Arkin Solbakken LLP recently filed motions to dismiss all causes of action against its clients in a shareholder derivative lawsuit pending in New York State Supreme Court, including causes of action for production of books and records, an accounting, wrongful termination, extortion, conversion, breach of fiduciary duties, fraud, breach of contract, abuse of process, imposition of a constructive trust, and appointment of a receiver. On April 11, 2013, the Court entered a Decision and Order granting Arkin Solbakken LLP’s motions to dismiss and awarding costs and disbursements in favor of its clients.
