Kearney v. Jandernoa

OPINION

QUIST, District Judge.

This case is a shareholder’s derivative action against officers, directors, and shareholders of Perrigo Company (“Perrigo”), and against certain underwriters involved in the October 1993 secondary offering of 13,000,-000 shares of Perrigo stock. Plaintiff, Keith M. Kearney, brings this shareholder’s deriva tive suit on behalf of Perrigo alleging in his amended verified derivative complaint intentional and negligent breach of duties in connection with the October 1993 secondary-public offering. Plaintiff further alleges that the underwriting agreement entered into…