Mealey's Securities/D&O Liability - Judge: Alleged Shareholder Has No Standing To Bring Derivative Lawsuit

Mealey's Securities/D&O Liability - Judge: Alleged Shareholder Has No Standing To Bring Derivative Lawsuit

SAN FRANCISCO - A federal judge in California said on Jan. 28 that a plaintiff was not a shareholder in a company and therefore could not bring a shareholder derivative lawsuit on the company's behalf (Christopher D. White v. Richard E. Demaray, et al., No. 13-cv-05169, N.D. Calif.).

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