Shareholders Say Presuit Demand Upon Company Board Would Have Been Futile

Shareholders Say Presuit Demand Upon Company Board Would Have Been Futile

NEW HAVEN, Conn. - A group of shareholders argued in a Connecticut federal court on Sept. 19 that a majority of a company's directors lack independence and/or disinterestedness and, therefore, presuit demand upon the company's board of directors would have been futile (Albert L. Hartman III, et al. v. Liam E. McGee, et al., No. 13-cv-00586, D. Conn.).

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