AmerisourceBergen Sued Over CEO's Hefty Stock Payout

Law360, New York (February 8, 2013, 3:10 PM EST) -- AmerisourceBergen Inc. was hit with a shareholder derivative suit in Pennsylvania federal court Thursday that alleged the pharmaceutical wholesaler giant’s compensation committee allowed the company CEO to reap excessive stock awards and bonuses in breach of its fiduciary duty.

Shareholder IClub Investment Partnership alleges that members of the board of director’s compensation and succession planning committee at Amerisource knowingly granted a large number of stock options, restricted stock units and performance share units to Amerisource President and CEO Steven H. Collis last year in violation of...
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Case Information

Case Title

ICLUB INVESTMENT PARTNERSHIP v. COLLIS et al


Case Number

2:13-cv-00688

Court

Pennsylvania Eastern

Nature of Suit

Contract: Stockholders Suits

Judge

NITZA I QUINONES ALEJANDR

Date Filed

February 6, 2013

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