Cohen filed an additional derivative suit
on behalf of the CannapharmaRx Corporation.
filed a derivative suit
against certain of the company's officers and directors based on allegations that they caused Abercrombie to make misleading public statements.
Baker once represented a Park City resident in a shareholder derivative suit
against a major company.
NCUA cited the CapCorp case in its WesCorp court documents, stating that "in dismissing the case, the district court held that in addition to failing to exhaust 27 administrative remedies, the plaintiffs lacked standing to bring the suit because only the board, and not the individual credit union members, could bring a derivative suit
on behalf of the credit union.
So, in a derivative suit
, you can't run the risk of going to trial.
There's a debate over to what extent can a derivative suit
really be covered.
Alan's worst nightmare came true, starting with a derivative suit
that was slapped on the company and its board of directors by a group of shareholders disgruntled with the levels of compensation paid to Abacon's upper management.
In August, Greenberg and Smith joined other defendants in agreeing to settle a derivative suit
alleging accounting fraud.
The Board has appointed a Special Litigation Committee to investigate the claims in the shareholder derivative suit
recently brought against certain of the Company's former and current officers and directors and make a recommendation as to whether it is in the best interests of the Company to pursue, dismiss or consensually resolve the claims.
While such cases rarely go to trial, the Delaware chancery court permitted a shareholder derivative suit
alleging a breach of fiduciary responsibility against Disney's board to proceed.
The agreement does not cover the derivative suit
filed by plaintiffs claiming to be acting on behalf of AFC on June 5, 2003 against certain current and former members of the Company's board of directors and the Company's largest shareholder or the derivative suit
filed by plaintiffs claiming to be acting on behalf of AFC on August 7, 2003 against certain current and former members of AFC's board of directors.
is pleased to announce that the shareholder derivative suit
brought against the Company prior to last year's Presidential election, relating to the Company's decision to air portions of the documentary "Stolen Honor," was voluntarily dismissed and the litigation has now ended.