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SEIDL v. AMERICAN CENTURY COMPANIES, INC.

No. 14-2796.

799 F.3d 983 (2015)

Laura SEIDL, derivatively on behalf of the nominal defendant with respect to the American Century Ultra Fund, Plaintiff-Appellant, v. AMERICAN CENTURY COMPANIES, INC.; American Century Investment Management, Inc.; James E. Stowers, Jr.; James E. Stowers, III; Jonathan S. Thomas; Thomas A. Brown; PH.D. Andrea C. Hall; Donald H. Pratt; Gale E. Sayers; M. Jeannine Strandjord; Timothy S. Webster; William M. Lyons; Mark Mallon; Wade Slome; Bruce Wimberly; Jerry Sullivan; American Century Mutual Funds, Inc., doing business as American Century Ultra Fund, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: August 21, 2015.

Attorney(s) appearing for the Case

Thomas I. Sheridan III , Simmons Hanley Conroy LLP, New York, N.Y., argued, for appellant.

W. Perry Brandt , Bryan Cave LLP, Kansas City, MO, argued ( Kurt D. Williams , Nick J. Kurt , Berkowitz Oliver Williams Shaw & Eisenbrandt LLP, Kansas City, MO, Steuart H. Thomsen , David W. Arrojo , Sutherland Asbill & Brennan LLP, Washington, DC, Benjamin H. Kleine , Gordon C. Atkinson, Cooley LLP, San Francisco, CA, on the brief), for appellees.

Before LOKEN, SMITH, and COLLOTON, Circuit Judges.

Laura Seidl, a shareholder of a mutual fund offered by American Century Companies, Inc., sought through the device of a shareholder's derivative action to enforce alleged rights of the company. The company refused her demand to bring an action, and Seidl brought suit against several corporate entities and individual defendants...

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