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Southwest Water Co. inflated its share price through false and misleading statements, shareholders claim in Los Angeles Federal Court. SpaceDev and its directors used misleading information to solicit proxies supporting its sale to Sierra Nevada Corp. and SDV Acquisition Corp., shareholders claim in San Diego Federal Court. Citywide Transportation and its directors wasted and mismanaged corporate funds and tried to dissolve the company without shareholders’ approval, shareholders say in Nassau County Court, Mineola, N.Y.
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