Besicorp Announces Filing of Lawsuit.KINGSTON, N.Y.--(BUSINESS WIRE)--Jan. 19, 1999--BESICORP GROUP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (AMEX AMEX See: American Stock Exchange Emerging Company Marketplace - BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International .EC) Besicorp Group Inc. (the "Company") announced today that a lawsuit seeking certification as a class action had been filed in the Supreme Court of the State of New York, New York County, against the Company, the Board of Directors, and certain other persons by a purported shareholder of the Company. The lawsuit alleges, among other things, that the Board breached its fiduciary duty in adopting the previously announced proposed merger (including the transactions contemplated thereby) with BGI Acquisition LLC and BGI Acquisition Corp. and seeks, among other things, to enjoin To direct, require, command, or admonish. Enjoin connotes a degree of urgency, as when a court enjoins one party in a lawsuit by ordering the person to do, or refrain from doing, something to prevent permanent loss to the other party or parties. the merger. Besicorp stated that it believes the lawsuit is without merit and intends to defend it vigorously. Besicorp specializes in the development of independent power projects and energy technologies. |
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