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Robert J. O'Loughlin III Paul, Weiss, Rifkind, Wharton & Garrison LLP

Robert J. O'Loughlin III

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Seventh Circuit dismisses Clayton Act Section 8 derivative case *

USA - June 20 2012
In a recent decision, the Seventh Circuit sharply limited the ability of shareholders to bring derivative suits for possible violations of section 8 of the Clayton Act, 15 U.S.C. § 19 (2006), which prohibits interlocking directors and officers between competitors.

Co-authors: Andrew C. Finch, Aidan Synnott, Jill M. Silverman, Joseph J. Simons.