Corporate Officers Found To Have Failed To Make Necessary Demand On Board

Mealey's (January 25, 2018, 3:11 PM EST) -- LEXINGTON, Ky. — Corporate officers of a manufacturing company failed to make the necessary demand on their board of directors before bringing a misappropriation of trade secrets lawsuit against two other corporate officers and, therefore, have failed to state a claim for relief, a federal judge in Kentucky ruled Jan. 22 in granting the defendants’ motion to dismiss (Anna Lou Tarter Smith, et al. v. Joshua D. Tarter, et al., No. 17-0334, E.D. Ky., 2018 U.S. Dist. LEXIS 9359)....