Shareholders Say Presuit Demand On Company's Board Would Have Been Futile

Shareholders Say Presuit Demand On Company's Board Would Have Been Futile

CHICAGO - Shareholders that brought a shareholder derivative lawsuit against certain of a company's directors and officers told a federal court in Illinois on Dec. 16 that the circumstances of the directors' and officers' conduct show that presuit demand upon the company's board of directors would have been futile (Robert J. Casey, et al. v. Christopher B. Begley, et al., No. 11-cv-09074, N.D. Ill.).

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