Fifth Third Officers, Directors Seek Dismissal Of Shareholder Derivative Claims

Mealey's (April 6, 2021, 8:47 AM EDT) -- CHICAGO — Dismissal of shareholder derivative claims in a lawsuit against several executive officers and members of the board of directors for Fifth Third Bancorp is warranted because shareholders have failed to sufficiently show that demand was futile before bringing their claims, defendants argue in a March 22 motion to dismiss filed in the U.S. District Court for the Northern District of Illinois....