In re Abbott Depakote Shareholder Derivative Litigation

MEMORANDUM OPINION AND ORDER

VIRGINIA M. KENDALL, District Judge.

Lead Plaintiff Jacksonville Police & Fire Pension Fund, and plaintiffs Louisiana Municipal Police Employees Retirement System and Public School Retirement System of the School District of Kansas City, Missouri (collectively, the Plaintiffs) filed a consolidated shareholder derivative action on behalf of nominal defendant Abbott Laboratories (“Abbott”) against the individual defendant directors of Abbott (the “Defendants”) to remedy alleged breaches of their fiduciary duties. Plaintiffs assert that the breaches arise from the…