Legal Opinion
In re Computer Sciences Corp. Derivative Litigation
District Court, C.D. California
Decided July 24, 2007No. Nos. CV 06-05288 MRP (Ex), CV 06-05356 MRP (Ex), CV 06-06512 MRP (Ex)PublishedCited by 4 opinions
1Opinion of the Court
ORDER GRANTING DEFENDANT COMPUTER SCIENCES CORPORATION’S MOTION TO DISMISS PLAINTIFFS’ SHAREHOLDER DERIVATIVE COMPLAINT FOR FAILURE TO PLEAD DEMAND FUTILITY PURSUANT TO FED. R. CIV. P. 23.1 AND 12(B)(6)
MARIANA R. PFAELZER, District Judge.
I
INTRODUCTION
Plaintiffs1 are shareholders of Nominal Defendant Computer Sciences Corporation (“CSC” or the “company”) and have brought this derivative case alleging the improper backdating, springloading and re-pricing of options to buy CSC stock, which were granted to certain CSC executives between May 1996 and May 2004. On March 26, 2007, this Court…
2Cases cited23 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- United States v. Donald Lawrence Ritchie, Heather Horner, Claimant-AppellantCourt of Appeals for the Ninth Circuit · 2003
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Jerry L. Branch, Valenna Branch, Colby Branch v. Dale L. Tunnell, Individually and as Special Agent of Bureau of Land Management, State of MontanaCourt of Appeals for the Ninth Circuit · 1994
- Aronson v. LewisSupreme Court of Delaware · 1984
18 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- In Re Verisign, Inc., Derivative LitigationDistrict Court, N.D. California · 2007
- In Re Keithley Instruments, Inc., Derivative LitigationDistrict Court, N.D. Ohio · 2008
- In re Galena Biopharma, Inc.District Court, D. Oregon · 2015
- In Re Citigroup Inc. Shareholder Derivative LitigationDistrict Court, S.D. New York · 2011