United States Third Circuit

In a shareholders' derivative action for breach of fiduciary duty arising from a company's allegedly improper billing practices, Rule 12(b)(6) dismissal of the suit is affirmed where the district court did not abuse its discretion in granting defendants' motions to dismiss because plaintiff's pleading lacked the factual particularity required to excuse demand.

Appellate Information

• Argued 03/01/2007
• Decided 05/25/2007
• Published 05/29/2007

Judges

• Before SCIRICA, Chief Judge, McKEE and NOONAN , Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Deborah R. Gross, Esquire (Argued), Tina Moukoulis, Esquire, Law Offices of Bernard M. Gross, Philadelphia, PA, Attorneys for Appellant.


• For Appellees:
  
• Brian T. Frawley, Esquire (Argued), Sullivan & Cromwell, New York, NY, Michael R. Griffinger, Esquire, Lan Hoang, Esquire, Timothy S. Susanin, Esquire, Gibbons, P.C., Newark, NJ, Attorneys for Appellees, Hans M. Barella, Belinda W. Chew, William E. Curran, Stephen H. Rusckowski, Scott M. Weisenhoff, Erik J. Westerink, Jan H.M. Hommen, Koninklijke Philips Electronics N.V., Randall W. Bodner, Esquire (Argued), Ropes & Gray, Boston, MA, Jeffrey W. Lorell, Esquire, Saiber, Schlesinger, Satz & Goldstein, Newark, NJ, Attorneys for Appellees, A. Fred Ruttenberg, Richard H. Stowe, John H. Underwood., Neal R. Marder, Esquire (Argued), Gail J. Standish, Esquire, Peter E. Perkowski, Esquire, Winston & Strawn, Los Angeles, CA, Marc J. Gross, Esquire, Greenbaum, Rowe, Smith & Davis, Roseland, NJ, Attorneys for Appellee, MedQuist Inc.