Judge Says Shareholders Failed To Show Why Presuit Demand Would Have Been Futile

Judge Says Shareholders Failed To Show Why Presuit Demand Would Have Been Futile

CHICAGO - A federal judge in Illinois on May 15 dismissed a pair of shareholders' derivative lawsuit, finding that they did not state any valid reason for failing to make demand on a board of directors prior to filing suit (Bonnie Mitchell, et al. v. David P. Reiland, et al., No. 11-cv-01059, N.D. Ill.; 2012 U.S. Dist. LEXIS 68085).

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