Failure To Plead Demand Futility Leads To Dismissal Of Derivative Suit Claims

Mealey's (July 27, 2018, 12:54 PM EDT) -- SANTA ANA, Calif. — In a July 25 ruling, a federal judge in California held that an investor in a shareholder derivative lawsuit against certain officers and directors of a practice management and electronic health records (HER) software developer for medical and dental care providers failed to show that demand was futile before bringing the lawsuit (Timothy J. Foss v. Craig A. Barbarosh, et al., No. 14-0110, C.D. Calif.)....