Civil law — shareholder derivative action

Posted April 11, 2024 11:49 AM

Where plaintiffs file a shareholder derivative action they must allege facts that provide reasonable doubt as to whether the board of directors could exercise independent and disinterested judgment.The 1st District Appellate Court reversed and remanded a decision from Cook County Circuit Judge Neil H. Cohen.TreeHouse Foods Inc. is a Delaware corporation that manufactures store-brand food products which, between 2014 and 2015, purchased Flagstone Foods and Private Brands. Sam Reed was TreeHouse’s chairman and CEO from …

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