Here is one of the first derivative lawsuits against American International Group and its directors, whose imprudent investments in subprime mortgage-backed securities forced the U.S. government to bail it out with $85 billion this week, in Delaware Chancery Court.
Here are the individual defendants in the AIG derivative lawsuit: Steven Bensinger, Stephen Bollenbach, Marshall Cohen, Martin Feldstein, Ellen Futter, Stephen Hammerman, Richard Holbrooke, Fred Langhammer, Robert Lewis, George Miles Jr., Suzane Johnson, Morris Offit, James Orr III, Virginia Rometty, Martin Sullivan, Michael Sutton, Edmund Tse, Robert Willumstad, and Frank Zarb.
BankUnited Financial Corp. and its directors inflated share price through false and misleading statements, shareholders claim in Miami Federal Court.
Napster agreed to sell itself to Best Buy too cheaply, for an unfair $2.65 a share or $121 million, shareholders claim in Los Angeles Superior Court.
Directors of Captaris are selling the company too cheaply, for $4.80 a share, to Open Text Corp., shareholders claim in King County Court, Seattle.