Mealey's Securities/D&O Liability - Directors: Shareholder Did Not Show Presuit Demand Would Have Been Futile

Mealey's Securities/D&O Liability - Directors: Shareholder Did Not Show Presuit Demand Would Have Been Futile

SAN FRANCISCO - A group of company directors in a shareholder derivative suit told a federal court in California on Feb. 7 that a shareholder has failed to show particularized facts why presuit demand upon the board would have been futile (Ralph Saraceni v. Andrew M. Miller, et al., No. 13-cv-03880, N.D. Calif.).

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