3rd Circ. Won't Revive Cephalon Shareholder Case
In a nonprecedential opinion, the U.S. Court of Appeals for the Third Circuit ruled on Tuesday that a lower court had correctly tossed Cephalon stockholder Jerald King's suit because he failed to plead that a presuit demand on the board would have been futile.
King filed his shareholder derivative suit in...
To view the full article, register now.