Legal Opinion

SOMMERS EX REL. FLIR SYSTEMS, INC. v. Lewis

District Court, D. Oregon

Decided April 8, 2009No. CV 07-1142-MOPublishedCited by 2 opinions

1Opinion of the Court

OPINION

MOSMAN, District Judge.

Kathleen Sommers brought suit derivatively on behalf of FLIR Systems, Inc., (“FLIR”) against the company’s current board of directors and several other current and former directors, officers, and stock option recipients. She alleges they illegally backdated stock options, creating unlawful profits for the options recipients and forcing the company to expend resources in investigating and restating its financials after the backdating was discovered. Ms. Sommers contends that the investigation and restatement of financial information with the Securities and…

2Cases cited30 opinions

  1. United States v. Donald Lawrence Ritchie, Heather Horner, Claimant-AppellantCourt of Appeals for the Ninth Circuit · 2003
  2. Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
  3. Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
  4. Aronson v. LewisSupreme Court of Delaware · 1984
  5. In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999

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3Cited by2 opinions

  1. In re Galena Biopharma, Inc.District Court, D. Oregon · 2015
  2. Motameni v. AdamsDistrict Court, D. Oregon · 2022

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