Company Asks Court To Dismiss Shareholder Suit Against Directors And Officers

SAN FRANCISCO - Arguing that shareholders have not pleaded particularized facts as to why members of a company's board of directors would not be independent, a corporation on April 16 asked a California federal court to dismiss a shareholder derivative suit for failure to show that presuit demand on the board would be futile (Board of Trustees of City of Hialeah Employees' Retirement System v. Mendes, et al., No. 11-cv-05692, N.D. Calif.).

Access this news story on®