Stein v. Immelt

SUMMARY ORDER

Plaintiff-Appellant Albert Stein, a shareholder in General Electric (“GE”), brought a derivative action charging GE’s board of directors and other company officials with breach of fiduciary duty, contribution and indemnification, abuse of control, gross mismanagement, waste, unjust enrichment and misappropriation of information. Defendants-Appellees moved to dismiss for failure to adequately allege demand futility. After considering both the original complaint and appellant’s proposed amendments, the district court granted appellees’ motion to dismiss. We assume the parties’…