Judge Tosses Most Claims In Shareholder Derivative Suit Against Formula Maker

(August 9, 2024, 9:46 AM EDT) -- CHICAGO — A federal judge in Illinois dismissed without prejudice multiple claims brought by investors in a shareholder derivative complaint against a food company whose shutdown of a plant contributed to a national shortage of baby formula, holding that the investors failed to show that a presuit demand on the company’s board of directors would have been futile....