05/11/2010 04:20:00 PM EST
Seidl v. Am. Century Cos., 2010 U.S. Dist. LEXIS 45060 (S.D.N.Y. May 7, 2010)
Core Terms: shareholder, futility, derivative, excused, business
judgment rule, conflicted, lawsuit, good faith, mutual fund's, illegal
gambling, citation omitted, futile, derivative action, fiduciary duty,
irreparable harm, board of directors, particularity, inherently, gambling,
presuit, stock, ambit, prong, derivative suit, legal positions, class-action,
conclusory, personally, managed, invest
plaintiff: Gregory P. Erthal, SimmonsCooper, LLC, East Alton, IL; Thomas I.
Sheridan, III, Andrea Bierstein, Hanly Conroy Bierstein Sheridan Fisher &
Hayes, LLP, New York, NY.
For American Century Companies, Inc., American Century Investment
Management, Inc., James E. Stowers, Jr., James E. Stowers, III, Jonathan S.
Thomas, William M. Lyons, Mark Mallon, Wade Slome, Bruce Wimberly, and Jerry
Sullivan, defendants: Gordon C. Atkinson, Cooley Godward Kronish LLP, New York,
For Thomas A. Brown, Andrea C. Hall, Donald H. Pratt, Gale E. Sayers, M.
Jeannine Strandjord, and Timothy S. Webster, and nominal defendant American
Century Mutual Funds, Inc., doing business as American Century Ultra Fund,
defendants: David P. Langlois, Sutherland Asbil & Brennan, LLP, New York,
NY; Marguerite C. Bateman, Steuart H. Thomsen, Sutherland Asbill & Brennan
LLP, Washington, DC.
Judge: DENISE COTE, United States District
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