Smiles management recommends blocking lawsuit against board
Smiles' management told shareholders to reject a proposed lawsuit against the board over the purchase of airline tickets from Gol. Smiles approved the R$1.2 billion deal last July, but minority shareholders Samba Theta and Centauro claimed the transaction served the sole purpose of transferring cash from Smiles to Gol. Smiles claims the deal followed all legal and statutory...
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