Suit dropped. (Retail).Shareholder lawsuits against Guess Inc. filed last year both in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). have been dismissed. A class-action lawsuit lawsuit: see procedure; tort. filed in U.S. District Court in Los Angeles claiming Guess officials made false and misleading statements concerning the company's financial condition was dismissed in March. It follows the dismissal in February of a shareholder suit filed by Susan Goldman in the Court of Chancery court of chancery n. pl. courts of chancery A court with jurisdiction in equity. Noun 1. court of chancery - a court with jurisdiction in equity chancery for the State of Delaware alleging insider trading and other misdeeds by company officials. Guess officials declined comment. Staff reporter Deborah Belgum can be reached at (323) 549-5225 ext. 228, or at dbelgum@labusinessjournal.com. |
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