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San Diego Shopping-Mall Owner Price Legacy's Board Rift Lands in Court.

By Mike Freeman, The San Diego Union-Tribune Knight Ridder/Tribune Business News

Jul. 26--Four members of Price Legacy Corp.'s board have filed a lawsuit against a fellow director in a complex dispute over what's in the best interest of the San Diego shopping-mall owner.

The lawsuit, an unusual step that surprised company management, stems from a conflict between a bloc of directors representing Price Legacy's Series A preferred shareholders and other directors representing its common shareholders, Series B preferred shareholders and company management.

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