Kessler v. Sinclair

This is a shareholder’s derivative action. The plaintiff is Seymour Kessler, as trustee of the Jori Kessler Trust, the owner since 1986 of shares of the common stock of Lifetime Corporation (Lifetime) (engaged in the business of providing to customers health care services and temporary office services). 3 The plaintiff sued on behalf of the corpora-, tion and named as defendants, besides the corporation, Michael J. Sinclair and others, who together comprised its board of directors. In substance, and in some detail, the complaint charged that the directors entered into egregiously improvident…