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Levi & Korsinsky announces it has commenced an investigation of A. M. Castle & Co. (NYSE: CAS) concerning possible breaches of fiduciary duty by the board of directors of the company.
In particular, we determined that the Company may have granted its CEO, Steven W. Scheinkman, excess compensation in the form of stock options in violation of the Company’s shareholder-approved option plan. We are investigating an action seeking to force the Company to rescind the improper grants.
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