Matthews Quoted on Shareholder Lawsuit Dismissal

Partner Michael Matthews was quoted in a Business Insurance article, “Shareholder Lawsuit’s Dismissal Leaves Stock Share Bylaws Unsettled,” on October 27, 2015. The article discussed a recent lawsuit objecting to a bylaw provision, wherein shareholder plaintiffs must have consent from a minimum percent of shareholders before filing class actions. Matthews discussed the dismissal and was quoted saying, “The case was not ripe. The plaintiffs did not actually have a suit that they wanted to bring, nor tried and failed to get the required 3%.”