Mealey's Securities/D&O Liability - Judge Says Shareholder Failed To Show That Presuit Demand Would Have Been Futile

DENVER - A federal judge in Colorado accepted a magistrate judge's recommendation on Feb. 12 and granted dismissal of a shareholder derivative lawsuit because the shareholder had not shown that presuit demand upon a company's board would have been futile (John Seni, Derivatively on Behalf of CIBER, Inc. v. David C. Peterschmidt, et al., No. 12-cv-00320, D. Colo.).

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