In Re Tyco International, Ltd.
District Court, D. New Hampshire
1Opinion of the Court
MEMORANDUM AND ORDER
BARBADORO, Chief Judge.
Shelly Evans brings this shareholder derivative action on behalf of nominal defendant Tyco International, Ltd. against all but one of Tyco’s current directors and several of its former directors and officers. Asserting claims for equitable fraud, breach of fiduciary duty, and waste, Evans contends that the former officers systematically looted the company and made material false statements concerning its financial condition; the former directors knowingly, recklessly, or with gross negligence failed to prevent the looting and misstatements; and the…
2Cases cited7 opinions
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- Grobow v. PerotSupreme Court of Delaware · 1988
- Roland C. Dubois and Restore: The North Woods v. United States Department of Agriculture, and Loon Mountain Recreation CorporationCourt of Appeals for the First Circuit · 1996
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