Mealey's Securities/D&O Liability - Directors And Officers Ask Court To Dismiss Shareholder Derivative Lawsuit

Mealey's Securities/D&O Liability - Directors And Officers Ask Court To Dismiss Shareholder Derivative Lawsuit

BOSTON - A group of directors and officers of a company told a federal court in Massachusetts on March 5 that a shareholder derivative suit brought against them should be dismissed because the shareholders failed to show that presuit demand upon the company's board would have been futile (Arkady Livitz v. Harvey J. Berger, et al., No. 13-cv-12816, D. Mass.).

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