Hale v. Victor Chu
Court of Appeals for the Seventh Circuit
1Opinion of the Court
BAUER, Circuit Judge.
The district court dismissed a derivative action that was brought on behalf of a dissolved corporation. We affirm.
I. BACKGROUND
Plaintiffs Lyric Hale, Michael Grainger, and Dr. Ronald Michael, individually and as derivative representatives of China Online, Inc., filed a corporate derivative lawsuit against defendants China Online, Victor Chu, Pansy Ho Chiu-King, and Stanley Ho Chiu-King, in the Circuit Court of Cook County, Illinois. 1 The complaint contained two counts asserting that the defendants breached their fiduciary obligations and duties owed to China Online and…
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