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12/07/2011 10:55:30 AM EST

Investors Failed To Make Presuit Demand, Federal Judge Rules

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LexisNexis® Mealey's™ Emerging Securities Litigation Legal News

SEATTLE - Shareholders have failed to properly make presuit demand on the board of directors for Coinstar Inc. or show that demand was futile, a federal judge in Washington ruled Nov. 14 in dismissing an amended complaint (In re Coinstar Inc. Shareholder Derivative Litigation, No. 11-133, W.D. Wash.; 2011 U.S. Dist. LEXIS 131817). Full story on lexis.com