Shareholders Say They Adequately Pleaded Presuit Demand Futility

Shareholders Say They Adequately Pleaded Presuit Demand Futility

NEW YORK - Shareholders in a financial company countered certain of the company's directors' and officers' motion to dismiss a derivative lawsuit on Aug. 23, claiming that the shareholders adequately showed that presuit demand upon the company's board would have been futile (In re JPMorgan Chase & Co. Derivative Litigation, No. 12-cv-03878, S.D. N.Y.).

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