Judge: Shareholders Failed To Show That Directors Knew Of Alleged Wrongdoing

Judge: Shareholders Failed To Show That Directors Knew Of Alleged Wrongdoing

CHICAGO - A federal judge in Illinois on Sept. 24 dismissed a shareholder derivative complaint because the plaintiffs failed to prove demand futility and did not show that members of the company's board of directors had knowledge of certain alleged wrongdoing (Marvin H. Maurras Revocable Trust, et al. v. Edgar M. Bronfman, Jr., No. 12-cv-03395, N.D. Ill.; 2013 U.S. Dist. LEXIS 136770).

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