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Mealeys

Mealey's Securities/D&O Liability - Judge: Investors Fail To Plead Demand Futility In Shareholder Derivative Suit

NASHVILLE, Tenn. - Although shareholders have standing to bring their derivative claims on behalf of a fitness benefit program broker, they have failed to show that demand was futile, a federal judge in Tennessee ruled Oct. 21 in dismissing the amended shareholder derivative complaint (In re Tivity Health Inc. Stockholder Derivative Litigation, No. 18-0087, M.D. Tenn., 2019 U.S. Dist. LEXIS 182603).
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