IT Co. Execs Shake Investor Suit Over $5B UK Contract

Law360, Los Angeles (August 7, 2013, 4:07 PM EDT) -- A Virginia federal judge on Tuesday tossed a shareholder derivative suit accusing Computer Sciences Corp. executives of deceiving investors in relation to a $5.4 billion contract with the U.K.'s health care system, finding the plaintiff failed to state a claim.

Shirley Morefield brought the suit against CSC's board of directors alleging breach of fiduciary duty on the grounds of deception and mismanagement in connection with the company's public statements related to the major contract.

But U.S. District Judge Gerald Bruce Lee found Tuesday that Morefield failed...
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Case Information

Case Title

Morefield v. Bailey et al


Case Number

1:12-cv-01468

Court

Virginia Eastern

Nature of Suit

Stockholders Suits

Judge

Gerald Bruce Lee

Date Filed

December 19, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

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