Dismissal Of Derivative Suit For Failure To Plead Demand Futility Upheld

Mealey's (June 15, 2018, 9:06 AM EDT) -- SAN FRANCISCO — Shareholders in a derivative lawsuit against certain officers and directors of a solar panel manufacturer failed to plead demand futility, and a federal district court did not err in dismissing their complaint as a result, a Ninth Circuit U.S. Court of Appeals panel ruled June 13 (Clifford Tindall, et al. v. First Solar Inc., et al., No. 17-15185, 9th Cir., 2018 U.S. App. LEXIS 15837)....