Mealey's Securities/D&O Liability - Shareholder Says Directors And Officers Breached Their Fiduciary Duties

Mealey's Securities/D&O Liability - Shareholder Says Directors And Officers Breached Their Fiduciary Duties

CHICAGO - A shareholder in a financial services company brought a derivative lawsuit against the company's directors and officers in a federal court in Illinois on Feb. 27, claiming the directors and officers breached their fiduciary duty regarding the marketing of certain products to the company's customers (Steamfitters Local 449 Pension Fund, Derivatively on Behalf of Discover Financial Services, v. David W. Nelms, et al., No. 14-cv-01423, N.D. Ill.).

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