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Guerrero v. Murren et al
Case Number:
2:09-cv-01815
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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July 02, 2014
$91M MGM Investor Suit Nixed Over Already-Decided Issues
A Nevada federal judge has thrown out a shareholder derivative suit accusing MGM Resorts International's top executives of artificially inflating the company's stock price and pocketing $91 million in the process, saying the issues had already been decided in state court.
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March 18, 2014
MGM Resorts Urges Judge To Toss $91M Shareholder Suit
MGM Resorts International urged a Nevada federal judge on Monday to toss a shareholder derivative suit alleging the company's top executives pocketed $91 million by artificially inflating MGM's stock price, saying the plaintiff failed to make a pre-suit demand on MGM's board of directors.