We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bed Bath & Beyond Off The Hook In Derivative Suit

Law360 (January 13, 2009, 12:00 AM EST) -- A New York appeals court has affirmed the dismissal of a complaint filed against retailer Bed Bath & Beyond over alleged options backdating, ruling that the plaintiffs did not adequately plead demand futility.

In a ruling Tuesday, the Appellate Division of the New York State Supreme Court affirmed a ruling by New York State Supreme Court Judge Charles Ramos granting the company's bid to toss the claims on the grounds that the plaintiffs had failed to make a demand on the board, and board futility was...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.