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Tag Archives: Corporate

No Demand for Shareholder Derivative Suit (access required)

The Alexandria U.S. District Court dismisses plaintiff shareholder’s suit alleging breach of fiduciary duty by the board of directors of a computer corporation in connection with their management decisions and public statements about a major contract with the United Kingdom’s ...

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Annual report’s ‘red flags’ support shareholder suit (access required)

Annual Report graphs

Shareholders are suing a bank’s directors for not paying sufficient attention to the bank’s annual report. The shareholders’ derivative action alleges the annual report threw up “red flags” that should have allowed the defendants to ward off regulatory action that ...

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Shareholders Claim Directors Missed ‘Red Flags’ (access required)

In this shareholder derivative action against Capital One officers and directors alleging inadequate oversight of a third-party call center’s marketing of add-on products, the Alexandria U.S. District Court dismisses claims for corporate waste and unjust enrichment, but says plaintiffs have ...

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Relief for Oppressed Minority Shareholders (access required)

In this litigation involving a 67-year-old closely held mining business that the Buckingham County Circuit Court ordered to be broken up and parceled out after a finding of the company’s oppression of minority shareholders, the court makes further orders to ...

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‘Creative’ fee request shocks court’s conscience

A Richmond federal court has rejected a “simply shocking” request for nearly $1 million in attorney’s fees sought by two shareholders who sued to halt the sale of Massey Energy Company to Alpha Natural Resources Inc. U.S. District Judge John ...

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Mining company would be split under judge’s order

A 67-year-old family-owned mining business could be broken up and parceled out under a judge’s “drastic” remedy for the company’s oppression of minority shareholders. Fairfax County Circuit Judge Jane Marum Roush concluded the Disthene Group Inc. – which owns a ...

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