Ausikaitis ex rel. Masimo Corp. v. Kiani

MEMORANDUM OPINION

SUE L. ROBINSON, District Judge.

I. INTRODUCTION

Shareholder Joseph P. Ausikaitis (“plaintiff’) filed the instant suit on September 19, 2012 against eleven individuals (“defendants”) who are executive officers (“officers”) and/or members of the board of directors (the “Board”) of Masimo Corporation (“Masimo”). Masimo is named as nominal defendant. Plaintiff brings derivative claims against defendants for alleged violations of various shareholder-approved plans governing the grant of stock options to Masimo’s officers and directors. (D.I. 1) Specifically, plaintiff alleges…