Update–Shareholder Derivative Action Dismissed for Second Time
By Jerry Carter. In September 2012, we wrote about a Washoe County Business Court Order dismissing a shareholder derivative lawsuit against officers and directors of International Game Technology (“IGT”). The Court granted the plaintiff leave to amend the complaint. Now the amended complaint has been dismissed as well. See Order Dated January 9, 2013. The Business […]
Washoe County Business Court Finds That Shareholder Derivative Complaint Against International Game Technology Is Insufficient
By Jerry Carter. In an August 23, 2012 Order, the Washoe County Business Court recently determined that a shareholder derivative lawsuit against officers and directors of International Game Technology (“IGT”) was insufficient. Nevertheless, the Court granted the shareholder derivative plaintiff leave to amend the complaint. The plaintiff’s complaint attempted to allege derivative claims on behalf […]