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NECA-IBEW PENSION FUND v. COX

Case No. 1:11-cv-451.

NECA-IBEW PENSION FUND, Derivatively on Behalf of CINCINNATI BELL, INC., Plaintiff, v. PHILLIP R. COX, et al., Defendants.

United States District Court, S.D. Ohio, Western Division.

September 20, 2011.

ORDER DENYING DEFENDANTS' MOTION TO DISMISS

TIMOTHY S. BLACK, District Judge.

This civil lawsuit presents the question, among others, whether a shareholder of a public company may sue its directors for breach of the duty of loyalty when the directors grant $4 million dollars in bonuses, on top of $4.5 million dollars in salary and other compensation, to the chief executive officer in the same year the company incurs a $61.3 million dollar decline in net...

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