Directors And Officers Say Shareholder Failed To Bring Presuit Demand Upon Board

Directors And Officers Say Shareholder Failed To Bring Presuit Demand Upon Board

NEWARK, N.J. - A company's directors and officers told a New Jersey federal court on July 26 that a shareholder's derivative lawsuit should be dismissed because the shareholder failed to bring a presuit demand upon the company's board of directors before filing the case (City of Roseville Employees' Retirement System, Derivatively on Behalf of Kid Brands, Inc. v. Bruce G. Crain, et al., No. 11-cv-02919, D. N.J.).

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