Shareholder Says Directors And Officers Not Protected By Business Judgment Rule

Shareholder Says Directors And Officers Not Protected By Business Judgment Rule

CHICAGO - A shareholder told an Illinois federal court on Oct. 18 that presuit demand upon a company's board of directors would have been futile and, therefore, the shareholder's derivative suit should not be dismissed (Jan Donnawell v. Daniel Hamburger, et al., No. 12-cv-09074, N.D. Ill.).

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