Legal Opinion

Morello v. McGee

District Court, D. Connecticut

Decided May 27, 2014No. Civil No. 3:13cv586 (JBA)PublishedCited by 1 opinion

1Opinion of the Court

RULING ON DEFENDANTS’ MOTION TO DISMISS

JANET BOND ARTERTON, District Judge.

Defendants, certain former and current board members and executives of the *89Hartford Financial Services Group, Inc. (“Hartford Financial”), move [Doc. #49], to dismiss Plaintiff’s Second Amended Complaint [Doc. # 51], a shareholder derivative suit seeking damages arising from a misstatement in financial statements related to Hartford Financial’s sale of its life insurance unit.1 For the reasons that follow, Plaintiffs’ failure to demand that the directors bring this derivative suit and failure to plausibly plead demand…

2Cases cited19 opinions

Aronson v. LewisSupreme Court of Delaware · 1984
Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
Stone v. RitterSupreme Court of Delaware · 2006
In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981

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3Cited by1 opinion

John Swann Holding Corp. v. SimmonsDistrict Court, S.D. New York · 2014