Judge Dismisses Padres Owner From Lawsuit
From Associated Press
A state judge dismissed San Diego Padres owner John Moores and other former directors of Peregrine Systems Inc. from a lawsuit that alleges insider trading and breach of fiduciary duty at the software company.
San Diego Superior Judge Joan M. Lewis said California law did not apply to the insider trading allegations because Peregrine was incorporated in Delaware. She also dismissed allegations that Moores and others breached their fiduciary duties under California law, though she will allow those allegations to be refiled.
