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Directors of Parallel Petroleum Corp. are selling the company too cheaply to Apollo Global Management, for $3.15 per share or $483 million, shareholders say in Delaware Chancery Court. Directors inflated the share price of Immersion Corp. through false and misleading statements, shareholders claim in San Francisco Federal Court. OSG America is selling itself too cheaply to its majority stockholder, Overseas Shipholding Group, for $10.25 a share or $55 million, shareholders claim in New York County Court.
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