United States Seventh Circuit

A shareholder derivative suit alleged that a diversified health care company's board of directors' actions fell outside the protection of the business judgment rule, thus demand was excused under the "demand futility doctrine."

Appellate Information

• Argued 10/23/2001
• Decided 03/28/2003
• Published 03/28/2003

Judges

• HARLINGTON WOOD, JR., Circuit Judge., Before WOOD, Jr., CUDAHY, and KANNE, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Terry Rose Saunders, Chicago, IL, Robert P. Frutkin (argued), Philadelphia, PA, for Plaintiffs-Appellants.


• For Appellees:
  
• Michele Odorizzi (argued), Mayer, Brown, Rowe & Maw, Chicago, IL, Phil C. Neal, Neal, Gerber & Eisenberg, Chicago, IL, for Defendants-Appellees.