Seidl v. Am. Century Cos., 2010 U.S. Dist. LEXIS 45060 (S.D.N.Y. May 7, 2010)

Seidl v. Am. Century Cos., 2010 U.S. Dist. LEXIS 45060 (S.D.N.Y. May 7, 2010)

LexisNexis Core Terms: shareholder, futility, derivative, excused, business judgment rule, conflicted, lawsuit, good faith, mutual fund's, illegal gambling, citation omitted, futile, derivative action, fiduciary duty, irreparable harm, board of directors, particularity, inherently, gambling, presuit, stock, ambit, prong, derivative suit, legal positions, class-action, conclusory, personally, managed, invest

Counsel: For plaintiff: Gregory P. Erthal, SimmonsCooper, LLC, East Alton, IL; Thomas I. Sheridan, III, Andrea Bierstein, Hanly Conroy Bierstein Sheridan Fisher & Hayes, LLP, New York, NY.

For American Century Companies, Inc., American Century Investment Management, Inc., James E. Stowers, Jr., James E. Stowers, III, Jonathan S. Thomas, William M. Lyons, Mark Mallon, Wade Slome, Bruce Wimberly, and Jerry Sullivan, defendants: Gordon C. Atkinson, Cooley Godward Kronish LLP, New York, NY.

For Thomas A. Brown, Andrea C. Hall, Donald H. Pratt, Gale E. Sayers, M. Jeannine Strandjord, and Timothy S. Webster, and nominal defendant American Century Mutual Funds, Inc., doing business as American Century Ultra Fund, defendants: David P. Langlois, Sutherland Asbil & Brennan, LLP, New York, NY; Marguerite C. Bateman, Steuart H. Thomsen, Sutherland Asbill & Brennan LLP, Washington, DC.

Judge: DENISE COTE, United States District Judge. subscribers can view the enhanced version of Seidl v. Am. Century Cos.