Judge Denies Motion To Dismiss Shareholder Derivative Lawsuit

Judge Denies Motion To Dismiss Shareholder Derivative Lawsuit

CHICAGO - A federal judge in Illinois on June 5 denied a group of directors' and officers' motion to dismiss a shareholder derivative lawsuit, finding that the shareholders had adequately raised a reasonable doubt that the directors and officers exercised proper business judgment regarding alleged wrongdoing (In re Abbott Depakote Shareholder Derivative Litigation, No. 11-cv-8114, N.D. Ill.; 2013 U.S. Dist. LEXIS 78841).

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