A Model For Facing Meritless Derivative Suits In Pa.

Law360, New York (May 6, 2013, 1:18 PM EDT) -- The Honorable Christine Ward of the Allegheny County Court of Common Pleas in Pittsburgh has dismissed a consolidated shareholder derivative suit against the board of directors of H.J. Heinz Co., following a recommendation of dismissal by the board’s special litigation committee (SLC) on April 29, 2013.[1] Judge Ward’s decision represents a faithful application of the American Law Institute’s Principles of Corporate Governance, which were formally adopted by the Pennsylvania Supreme Court in the landmark decision Cuker v. Mikalauskas.[2]


On Feb. 13, 2013, affiliates of Berkshire...
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