CHICAGO - Directors and officers of a company in a July 25 brief in support of their motion to dismiss tell an Illinois federal court that a shareholder failed to offer particularized facts that would show that the directors could not make an impartial... Read More

CHICAGO - Alleging that a shareholder failed to sufficiently show that presuit demand on a board of directors would be futile, directors and officers of a corporation asked an Illinois federal court on March 26 to dismiss the shareholder's derivative... Read More

CHICAGO - The plaintiff in a shareholder derivative lawsuit told an Illinois federal court on May 2 that presuit demand upon a company's board of directors is excused because the business judgment rule does not apply to the granting of shares in excess... Read More

CHICAGO - Shareholders told an Illinois federal court on May 6 that presuit demand upon the board of a wholly owned subsidiary of a financial company is not required before filing suit against the subsidiary's parent corporation (James F. Groen, et... Read More

CHICAGO - A shareholder arguing that she has rebutted a group of corporate directors' argument that they used sound business judgment in awarding certain compensation to the corporation's executives contended in an Illinois federal court on May... Read More

CHICAGO - A company's board of directors did not breach its fiduciary duty by failing to disclose certain information under the Dodd-Frank Wall Street Reform and Consumer Protection Act prior to conducting an executive "say on pay" vote... Read More