The dilemma of what legal matters warrant disclosure to shareholders is a difficult one for publicly owned companies and particularly for financial services companies who bring suits and are defendants on a regular basis. Fidelity National Financial is just one example of a firm where shareholders are questioning the withholding of information about a legal mess. The underlying scandal is interesting too so worth a read:
http://www.nytimes.com/2010/01/07/business/07title.html?em
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