Legal Opinion
In Re Forest Laboratories, Inc. Derivative Litigation
District Court, S.D. New York
Decided September 18, 2006No. 05 cv. 3489(RJH)PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HOLWELL, District Judge.
Plaintiffs Jeff Michelson and Eleanor Turberg, shareholders of Forest Laborato ries, Inc. (“Forest” or the “Company”), bring this derivative action on behalf of Forest against its directors and officers alleging a breach of fiduciary duty arising out of defendants’ sale of the Company’s stock while allegedly misleading shareholders as to the future prospects of its key products, the antidepressants Celexa and Lexapro. Plaintiffs bring additional counts alleging breach of fiduciary duty, abuse of control, gross mismanagement, waste of…
2Cases cited22 opinions
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
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3Cited by15 opinions
- In Re Take-Two Interactive Securities LitigationDistrict Court, S.D. New York · 2008
- In Re IAC/InterActiveCorp Securities LitigationDistrict Court, S.D. New York · 2007
- Matsumura v. Benihana National Corp.District Court, S.D. New York · 2008
- In re Saic Inc. Derivative LitigationDistrict Court, S.D. New York · 2013
- In Re Nutrisystem, Inc. Derivative LitigationDistrict Court, E.D. Pennsylvania · 2009
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