Company Says Shareholder Failed To Prove Presuit Demand Would Have Been Futile

Company Says Shareholder Failed To Prove Presuit Demand Would Have Been Futile

SEATTLE - A company told a Washington federal court on July 18 that a shareholder complaint against the company's directors and officers does not plead particularized facts that show that presuit demand upon the company's board of directors would be excused as futile (Richard Weinstein, derivatively on behalf of Oncothyreon Inc. v. Robert L. Kirkman, et al., No. 13-cv-0769, W.D. Wash.).

Find full version on lexis Advance®
Access this news story on lexis.com®