NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on March 11 affirmed a federal judge's dismissal of a shareholder derivative lawsuit against certain officers and directors of an on-land and offshore drilling company for alleged violations of the Foreign Corrupt Practices Act (FCPA), agreeing that an investor failed to properly plead demand futility (Douglas Freuler v. Robert L. Parker Jr., et al., No. 12-20260, 5th Cir.)....(read more)![]()
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