Legal Opinion
City of Cambridge Retirement v. Ersek
Court of Appeals for the Tenth Circuit
Decided April 16, 2019No. 17-1381PublishedCited by 10 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
In this shareholder-derivative action, Shareholders of The Western Union Company aver that several of Western Union's Officers and Directors breached their fiduciary duties to the company by willfully failing to implement and maintain an effective anti-money-laundering-compliance program (AML-compliance program), despite knowing of systemic deficiencies in the company's AML compliance. The Shareholders didn't make a pre-suit demand on Western Union's Board of Directors to pursue this litigation, and the *915 district court found no evidence that such demand would have been…
2Cases cited44 opinions
- Smith v. United StatesCourt of Appeals for the Tenth Circuit · 2009
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Aronson v. LewisSupreme Court of Delaware · 1984
- Ross v. BernhardSupreme Court of the United States · 1969
- Brehm v. EisnerSupreme Court of Delaware · 2000
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3Cited by10 opinions
- Quint v. Vail ResortsCourt of Appeals for the Tenth Circuit · 2023
- Smallen Revocable Living Trust v. Western Union CompanyCourt of Appeals for the Tenth Circuit · 2020
- Cognizant Technology Solutions Corp Derivative Lit v.Court of Appeals for the Third Circuit · 2024
- Carter v. GriffinDistrict Court, D. Kansas · 2021
- Dorfman v. MGP Ingredients, Inc.District Court, D. Kansas · 2021
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