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Parlux Fragrances, Inc.



A shareholder's class action complaint was filed against Parlux Fragrances, Inc. alleging inadequate and unfair consideration, without disclosure of all material information which was detrimental to public shareholders, all in breach of defendants' fiduciary duties relating to the acquisition of all outstanding shares of common stock. As well, the company's proposal allegedly did not provide all information needed for shareholders to make an informed decision.

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