Judge Says Shareholder Did Not Show That Presuit Demand Would Have Been Futile

BOSTON - A federal judge in Massachusetts granted a company's directors' and officers' motion to dismiss a shareholder derivative lawsuit on June 21, finding that the shareholder did not show that presuit demand upon a company's board of directors would have been futile (Marta Bryceland, derivatively on behalf of Abiomed, Inc., v. Michael R. Minogue, No. 13-cv-10212, D. Mass.; 2013 U.S. Dist. LEXIS 87548).

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