6th Circuit Majority Says Shareholder Failed To Show Presuit Demand Was Excused

6th Circuit Majority Says Shareholder Failed To Show Presuit Demand Was Excused

CINCINNATI - A Sixth Circuit U.S. Court of Appeals majority affirmed a lower court decision on Sept. 16, agreeing with the lower court that a shareholder had not shown specific facts why presuit demand upon a company's board of directors would have been futile (Patrick P. Lukas, Derivatively on Behalf of Miller Energy Resources, Inc., v. Merrill A. McPeak, et al., No. 12-6285, 6th Cir.; 2013 U.S. App. LEXIS 19295).

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