Panel:  SLC Investigation In Derivative Suit Was Reasonable, In Good Faith

Mealey's (September 9, 2019, 12:29 PM EDT) -- ATLANTA — A federal district court did not err in granting a motion for summary judgment filed by defendants in a shareholder derivative lawsuit on behalf of nominal defendant Aflac Inc. because the shareholders failed to show that a special litigation committee’s (SLC) investigation based on the shareholders’ demand was unreasonable or in bad faith, an 11th Circuit U.S. Court of Appeals panel ruled Sept. 5 (Martin Conroy, et al. v. Paul S. Amos II, et al., No. 18-13834, 11th Cir., 2019 U.S. App. LEXIS 26757)....