Shareholder: Business Judgment Rule Invalid In Directors', Officers' Defense

CHICAGO - The plaintiff in a shareholder derivative lawsuit told an Illinois federal court on May 2 that presuit demand upon a company's board of directors is excused because the business judgment rule does not apply to the granting of shares in excess to those allowed by the company's incentive plan (Jan Donnawell v. Daniel Hamburger, et al., No. 12-cv-09074, N.D. Ill.).

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