Family Disputes and the Shareholder Derivative Action
- Mar 23 2022
By: Jeffrey M. Haber Family business disputes tend to be ugly, destructive, and protracted. For a case in point, we examine Max v. ALP, Inc., 2022 N.Y. Slip Op. 01969 …
Category: Shareholder Derivative Litigation
Court Denies Motion to Approve a Shareholders Class Action Settlement, Finding the Plaintiffs to Be Inadequate Class Representatives and the Settlement to Provide No Benefit
- Sep 25 2019
As this Blog has noted previously, the courts (in New York and Delaware) have refused to approve the settlement of shareholder litigation where class members receive no financial benefit and …
Failure to Plead Demand Futility Results in Dismissal of a Shareholder Derivative Action Against the Officers and Directors of GE
- Jul 22 2019
Derivative actions are brought by current shareholders of a company to redress the harm (monetary or equitable) incurred by the company as the result of officer/director self-dealing, breaches of fiduciary …
Enforcement News: Retail Investors to Receive More Than $125 Million Under the SEC’s Share Class Selection Disclosure Initiative
- Mar 13 2019
On March 11, 2019, the Securities and Exchange Commission (“SEC” or “Commission”) announced (here) that it had settled charges against 79 investment advisers who agreed to return more than $125 …
Failure To Plead Demand Futility Warrants Dismissal Of Derivative Complaint
- May 23 2018
This Blog has previously examined the different aspects of a shareholder’s derivative action, such as the standing requirements and the distinction between direct and derivative claims. (Here, here and here.) …
