Cases & Deals

Macy's obtains dismissal of shareholder derivative action

Clients Macy's, Inc.

Jones Day represented directors and officers of Macy's in a shareholder derivative action alleging breach of fiduciary duties in connection with alleged misstatements and purchases and sales of company stock. In September 2008, the court granted Jones Day's motion to dismiss the plaintiff's complaint for failure to make a pre-suit demand on the Macy's board.

Pirelli Armstrong Tire Corp. Retiree Medical Benefits Trust v. Lundgren, 579 F. Supp. 2d 520 (S.D.N.Y. 2008)