Masimo Board Can't Duck Unfair Stock Payment Claims

Law360, Los Angeles (July 17, 2013, 4:53 PM EDT) -- The board of Masimo Corp. failed on Tuesday to dodge a shareholder derivative suit in Delaware federal court alleging it unfairly paid its directors with strategically timed stock options awards, losing an argument that the claims missed the statute of limitations.

The board sought to have the suit thrown out, arguing that several of the stock options payments at issue were in 2008 and 2009, long after the statute of limitations for complaints had passed, according to court documents. It also argued that none of the...
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Case Information

Case Title

Ausikaitis v. Kiani et al

Case Number




Nature of Suit

Stockholders Suits


Sue L. Robinson

Date Filed

September 19, 2012

Law Firms


UK Financial Services

UK Financial Services

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