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IRON WORKERS MID-SOUTH PENSION FUND v. DAVIS

Civil No. 13-289 (JRT/HB).

93 F.Supp.3d 1092 (2015)

IRON WORKERS MID-SOUTH PENSION FUND, Derivatively on Behalf of U.S. Bancorp, Plaintiff, v. Richard K. DAVIS, Andrew Cecere, Patrick T. Stokes, O'Dell M. Owens, Jerry W. Levin, Victoria Buyniski Gluckman, David B. O'Maley, Arthur D. Collins, Jr., Joel W. Johnson, Craig D. Schnuck, Olivia F. Kirtley, Douglas M. Baker, Jr., Y. Marc Belton, Richard D. Reiten, Terrance R. Dolan, Richard J. Hidy, Diane L. Thormodsgard, Bryan R. Calder, and Does 1-10, Defendants, and U.S. Bancorp, a Delaware Corporation, Nominal Defendant.

United States District Court, D. Minnesota.

Signed March 19, 2015.

Attorney(s) appearing for the Case

Brian J. Robbins , Craig W. Smith , Gina Stassi , Robbins Arroyo LLP, San Diego, CA, Henry M. Helgen, III and Amanda R. Cefalu , Anderson, Helgen, Davis & Nissen, LLC, Minneapolis, MN, for plaintiff.

Peter W. Carter , Kristina L. Carlson , and Hugh D. Brown , Dorsey & Whitney LLP, Minneapolis, MN, for the individual defendants.

Kristina L. Carlson , Dorsey & Whitney LLP, Minneapolis, MN, for defendants Terrance R. Dolan, Richard J. Hidy, Diane L. Thormodsgard, and Bryan R. Calder.

Sarah H. Daggett and Steve W. Gaskins , Gaskins, Bennett, Birrell, Schupp, LLP, Minneapolis, MN, for nominal defendant U.S. Bancorp.

MEMORANDUM OPINION AND ORDER GRANTING MOTIONS TO DISMISS

Plaintiff Iron Workers Mid-South Pension Fund ("Iron") brought this shareholder derivative action against current and former officers and directors of U.S. Bancorp ("US Bank"), alleging that they breached their fiduciary duties by failing to properly...

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