The Morgan Lewis lawyers who defended NutriSystem in a spate of securities fraud suits can claim a complete victory now that a federal judge has dismissed a pair of derivative suits that accused top executives and board members of fraud, waste and breach of their fiduciary duties. Judge Mary McLaughlin's opinion comes less than two months after she tossed out a class action shareholders suit against the company.
October 28, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The team of lawyers from Morgan Lewis who defended NutriSystem Inc. in a spate of securities fraud suits can claim a complete victory now that a federal judge has dismissed a pair of derivative suits.
U.S. District Judge Mary A. McLaughlin’s 56-page opinion in In re NutriSystem Inc. Derivative Litigation comes less than two months after the same judge tossed out a class action shareholders suit against the company.
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