Molly Tracy et al v. John H. Morris et al
Case Number:
2:23-cv-08022
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
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April 25, 2024
Real Estate Exec Can't Escape Shareholder's Self-Dealing Suit
A California federal judge ruled that a derivative shareholder suit accusing the president of a real estate management and investment firm of misusing nearly $35 million of company revenue now passes the so-called Zuckerberg test since the plaintiff sufficiently pled that demand on the company's board members would be futile.
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March 27, 2024
Real Estate Exec Asks To Toss Shareholder's Self-Dealing Suit
The president of a real estate management and investment firm asked a California federal court to toss a derivative shareholder suit accusing him of misusing nearly $35 million of company revenue in various ways, including hiring a business he owned with his mistress.
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September 26, 2023
Shareholder Says Austin Property Owner Misused Millions
A shareholder in a company that owns apartment complexes in the Austin, Texas, area sued the firm's president for allegedly diverting millions of dollars in revenue for questionable purposes, including hiring a management firm operated by his mistress.