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REIT Directors Duck Investor Suit Over $41M Loan Write-Down

By Hayley Fowler ( April 3, 2018, 4:47 PM EDT) -- A proposed class of Resource Capital Corp. shareholders can't pursue a suit on behalf of the real estate investment trust without the board of directors' go-ahead, a New York federal judge said Monday, finding the investors couldn't prove the board's permission was unnecessary given its alleged involvement in the underlying claims....

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