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Company Directors And Officers: Shareholder Failed To Show Demand Futility

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

Shareholder Says Directors Cannot Hide Behind Business Judgment Rule

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

Directors, Officers: Shareholder Failed To Show That Presuit Demand Was Futile

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

Shareholder Failed To State Claims In Say-On-Pay Suit, Federal Judge Rules

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

Shareholder: Business Judgment Rule Invalid In Directors', Officers' Defense

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

Shareholders Say Presuit Demand On Company's Subsidiary Is Not Necessary

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