WINN EX REL. SCOTTISH RE GROUP, LTD. v. SCHAFER

No. 06 Civ.10170 SAS.

499 F.Supp.2d 390 (2007)

James WINN, Derivatively on behalf of SCOTTISH RE GROUP LTD, Plaintiff, v. Glenn S. SCHAFER, Michael Austin, William Caufield-Brown, Robert M. Chmely, Jean-Claude Damerval, Michael C. French, Paul Goldean, Jeffrey P. Hughes, Norman Lamont, Hazel R. O'Leary, Defendants, and Scottish Re Group Ltd, Nominal Defendant.

United States District Court, S.D. New York.

May 7, 2007.


Attorney(s) appearing for the Case

Curtis V. Trinko, Jeffrey B. Silverstein, Wai K. Chan, Law Offices of Curtis V. Trinko, LLP, New York, NY, Maya Saxena, Joseph E. White III, Christopher S. Jones, Saxena White PA., Boca Raton, FL, Peter A. Lagorio, Steven M. Taylor, Lynda C. Paris, Law Office of Peter A. Lagorio, Boston, MA, for Plaintiff.

Lyle Roberts, George Anhang, Evan M. Rosen, LeBoeuf, Lamb, Greene & MacRae LLP, Washington, D.C., for Nominal Defendant.


OPINION AND ORDER

SCHEINDLIN, District Judge.

This is a shareholder derivative action brought by James Winn ("plaintiff') on behalf of Scottish Re Group Ltd. ("Scottish Re" or the "Company") against certain of Scottish Re's officers and directors for breach of fiduciary duties arising out of alleged misrepresentations as to the Company's business and false financial reports in violation of United States securities laws. Scottish Re, the nominal defendant...

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