Legal Opinion
Brosz ex rel. Big Lots, Inc. v. Fishman
District Court, S.D. Ohio
Decided April 14, 2015No. Case No. 1:13-cv-753PublishedCited by 4 opinions
1Opinion of the Court
OPINION AND ORDER
MICHAEL H. WATSON, District Judge.
Defendants move to dismiss the verified shareholder derivative complaint. ECF No. 23. For the reasons that follow, the Court GRANTS the motion.
L BACKGROUND AND FACTS
This shareholder derivative suit involves allegations that, during a period of time in 2012, certain directors and officers of nominal Defendant Big Lots, Inc. (“Big Lots” or “Company”) engaged in a scheme to inflate the value of Big Lots stock by concealing from the public the true financial condition of the Company while at the same time selling large portions of their personal…
2Cases cited16 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Bridgett Handy-Clay v. City of Memphis, TennesseeCourt of Appeals for the Sixth Circuit · 2012
- Strock v. PressnellOhio Supreme Court · 1988
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3Cited by4 opinions
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