Judge: Investors Have Had Enough Time To Collect Demand Futility Information

Mealey's (December 5, 2016, 3:38 PM EST) -- PHOENIX — A federal judge in Arizona on Nov. 29 denied a motion for an extension to file an amended complaint in a shareholder derivative lawsuit against several current and former officers and directors of a solar panel maker, ruling that investors have had enough time to gather the necessary information for them to plead demand futility (In re First Solar Derivative Litigation, No. 12-0769, D. Ariz.; 2016 U.S. Dist. LEXIS 164272)....