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IN RE RESOURCE CAPITAL CORP., SHAREHOLDER

17 Civ. 1381 (LLS).

286 F.Supp.3d 619 (2018)

IN RE RESOURCE CAPITAL CORP., SHAREHOLDER DERIVATIVE LITIGATION Demand Refused Actions.

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

Signed February 23, 2018.

Attorney(s) appearing for the Case

COUNSEL FOR PLAINTIFFS: PROMISLOFF & CIARLANTO, P.C., 5 Great Valley Parkway, Suite 210, Malvern, PA 19355, By: Jeffrey J. Ciarlanto, Esq.   David M. Promisloff, Esq. Lead Counsel for Plaintiffs. LAW OFFICE OF CURTIS V. TRINKO, LLP, 16 West 46th Street, 7th Floor New York, NY 10036 by: Curtis V. Trinko, Esq. LAW OFFICE OF ALFRED G. YATES, JR., P.C., 300 Mt. Lebanon Boulevard, Suite 206-B, Pittsburgh, PA 15234-1507, By: Alfred G. Yates, Jr., Esq.   Gerald L. Rutledge, Esq. JOHNSON & FISTEL, LLP, 99 Madison Avenue, 5th Floor New York, NY 10016 By: W. Scott Holleman, Esq. JOHNSON & FISTEL, LLP 40 Powder Springs Street Marietta, GA 30064 By: Michael 1. Fistel, Jr., Esq. BERNSTEIN LIEBHARD LLP, 10 East 40th Street New York, NY 10016 By: Joseph R. Seidman, Jr., Esq. THE WEISER LAW FIRM, P.C., 22 Cassatt Avenue, Berwyn, PA 19312, By: Robert B. Weiser, Esq. , Brett D. Stecker, Esq. , James M. Ficaro, Esq.

COVINGTON & BURLING LLP, The New York Times Building, 620 Eighth Avenue, New York. NY 10018-1405, By: Mark P. Gimbel, Esq. , Christopher Y. L. Yeung, Esq. , William E. O'Neil, Esq. , FOR DEFENDANTS.

SCHLAIVI STONE & DOLAN LLP, 26 Broadway, New York, NY 10004, By: Bradley J. Nash, Esq. , NOMINAL DEFENDANT RESOURCE CAPITAL COW.

OPINION & ORDER

The individual defendants and nominal defendant Resource Capital Corp. (collectively the "defendants") move to dismiss the verified consolidated shareholder derivative complaint (Dkt. No. 32) (the "complaint") on the ground that the plaintiffs lack standing to assert claims derivatively...

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