Roberta Casden v. Michael Burns

OPINION

CLAY, Circuit Judge.

Like several other cases pending before various courts, this case arises out of the financial collapse of automotive parts dealer Dana Corporation (“Dana”). Following the company’s collapse in 2005, Dana’s shareholders initiated a number of class action suits against Dana and its officers and directors. In this case, Plaintiff Roberta Casden (“Casden”) alleges that a number of Dana’s officers and directors breached their fiduciary duty to Dana’s shareholders. One day after Casden filed her original complaint asserting a number of derivative claims, however, Dana…