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Seventh Circuit dismisses Clayton Act Section 8 derivative case

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • 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