Dickson v. Smith

OPINION

MOTZ, Chief Judge.

Plaintiff, Pamela Dickson, has brought suit individually and derivatively on behalf of Schmidt Baking Company, Inc. (“Schmidt”), against defendants C. Peter Smith, Sr. (“Smith”), C. Peter Smith, Jr. (“Smith Jr.”) and Leonard V. Bunee (collectively “the Smith defendants”), John Morrison, John Stewart, Robert Filippi, Joseph Stanley, Hilary Klug and Richard Koester (collectively “the executive defendants”), and Schmidt. The first count of the complaint alleges that Dickson’s preemptive rights were violated by a stock option plan offered to certain corporate officers…