Judge:  Investors Fail To Plead Demand Futility In Shareholder Derivative Suit

Mealey's (October 24, 2019, 2:07 PM EDT) -- NASHVILLE, Tenn. — Although shareholders have standing to bring their derivative claims on behalf of a fitness benefit program broker, they have failed to show that demand was futile, a federal judge in Tennessee ruled Oct. 21 in dismissing the amended shareholder derivative complaint (In re Tivity Health Inc. Stockholder Derivative Litigation, No. 18-0087, M.D. Tenn., 2019 U.S. Dist. LEXIS 182603)....