Panel: Investors In Derivative Suit Failed To Plead Demand Futility

Mealey's (February 18, 2016, 11:27 AM EST) -- CHICAGO — A federal district court did not err in dismissing a shareholder derivative lawsuit because investors failed to properly plead demand futility, a Seventh Circuit U.S. Court of Appeals panel ruled Feb. 17 (In re Biglari Holdings Inc. Shareholder Derivative Litigation, No. 15-1828, 7th Cir.)....