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IN RE RESOURCE CAP. CORP. SHAREHOLDER DERIV. LIT.

17 Civ. 253 (LLS).

308 F.Supp.3d 761 (2018)

IN RE RESOURCE CAPITAL CORP. SHAREHOLDER DERIVATIVE LITIGATION DEMAND FUTILE ACTIONS.

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

Signed April 2, 2018.

Attorney(s) appearing for the Case

COUNSEL FOR PLAINTIFFS: ROBBINS ARROYO LLP, 600 B Street, Suite 1900, San Diego, CA 92101, By: Brian J. Robbins, Esq. , Craig W. Smith, Esq. , Shane P. Sanders, Esq. , Lead Counsel for Plaintiffs, LAW OFFICES OF THOMAS G. AMON, 733 3RD Avenue, 15th Floor, New York, NY 10017, By: Thomas G. Amon, Esq. , Liaison Counsel for Plaintiffs.

COUNSEL FOR DEFENDANTS DAVID J. BRYANT, ELDRON C. BLACKWELL, DAVID E. BLOOM, STEVEN J. KESSLER, MURRAY S. LEVIN, P. SHERRILL NEFF, WALTER T. BEACH, WILLIAM B. HART, GARY ICKOWICZ, RICHARD L. FORE, STEPHANIE H. WIGGINS, JONATHAN Z. COHEN and EDWARD E. COHEN: COVINGTON & BURLING LLP, The New York Times Building, 620 Eight Avenue, New York, NY 10018-1405, By: Mark P. Gimbel, Esq. , Christopher Y.L. Yeung, Esq. , William E. O'Neil, Esq.

ATTORNEYS FOR NOMINAL DEFENDANT RESOURCE CAPITAL CORP: SCHLAM STONE & DOLAN LLP, 26 Broadway, New York, NY 10004, By: Bradley J. Nash, Esq.

ATTORNEYS FOR DEFENDANTS RESOURCE AMERICA, INC. and RESOURCE CAPITAL MANAGER, INC.: PROSKAUER ROSE LLP, Eleven Times Square, New York, NY 10036, By: David A. Picon, Esq. , Edward J. Center, Esq.

OPINION & ORDER

The named defendants and nominal defendant move to dismiss the plaintiffs' verified consolidated stockholder derivative complaint for violation of securities law, breach of fiduciary duty, waste of corporate assets, and unjust enrichment (Dkt. No. 105) on the ground that the plaintiffs...

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