Illinois Panel: Shareholder Failed To Show Presuit Demand Would Have Been Futile

Illinois Panel: Shareholder Failed To Show Presuit Demand Would Have Been Futile

CHICAGO - An Illinois Appellate Court panel on March 27 affirmed a lower court decision, finding that a shareholder had failed to allege with particularity why presuit demand on a company's board of directors would have been futile (In re Huron Consulting Group, Inc., Shareholder Derivative Litigation, No. 1-10-3519, Ill. App., 1st Dept., 2nd Div.; 2012 Ill. App. LEXIS 221).

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