2nd Circ. Sinks Insider Trade Suit Against Lululemon Board
By Pete Brush ( April 3, 2015, 3:01 PM EDT) -- The Second Circuit on Friday upheld the dismissal of a shareholder derivative suit claiming a former Lululemon Athletica Inc. director illegally dumped his shares based on insider information, affirming a finding that the plaintiff failed to show that a demand for redress from the yoga apparel maker's board would have been pointless....
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