6th Circuit Affirms Lower Court Decision In Favor Of Directors And Officers

6th Circuit Affirms Lower Court Decision In Favor Of Directors And Officers

CINCINNATI - In an unpublished opinion, a Sixth Circuit U.S. Court of Appeals panel on Aug. 14 affirmed a lower court, holding that a shareholder had failed to plead particularized facts that would demonstrate why presuit demand upon a company's board of directors would have been futile (Henry Stanley Jr., Derivatively on Behalf of Cardinal Health, Inc., v. Colleen F. Arnold, et al., No. 12-4444, 6th Cir.; 2013 U.S. App. LEXIS 17143).

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