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CITY OF HARPER WOODS EMP. RETIREMENT v. OLVER

Civil Action No. 07-1646 (RMC).

577 F.Supp.2d 124 (2008)

CITY OF HARPER WOODS EMPLOYEES' RETIREMENT SYSTEM, Derivatively on Behalf of BAE Systems PLC, Plaintiff, v. Richard (Dick) OLVER, et al., Defendants, and BAE Systems PLC, Nominal Defendant.

United States District Court, District of Columbia.

September 11, 2008.

Attorney(s) appearing for the Case

Jonathan Watson Cuneo, Cuneo Gilbert & Laduca, LLP, Roger M. Adelman, Washington, DC, Patrick J. Coughlin, Mark Solomon, Mary K. Blasy, Coughlin Stoia Geller Rudman & Robbins LLP, San Diego, CA, for Plaintiff.

Lawrence Byrne, Linklaters LLP, Adir G. Waldman, Eric M. Roth, Wachtell, Lipton, Rosen & Katz, Michael W. Mitchell, Skadden, Arps, Slate, Meagher & Flom, LLP, New York, NY, William Bradford Reynolds, Howrey Simon Arnold & White, LLP, Christopher Talbott Lutz, Matthew John Herrington, Steptoe & Johnson LLP, Richard L. Brusca, James Neil Lombardo, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC, for Defendants.

MEMORANDUM OPINION

ROSEMARY M. COLLYER, District Judge.

Plaintiff, City of Harper Woods Employees' Retirement System, alleges breach of fiduciary duty and waste of corporate assets by current1 and former2 directors of BAE Systems plc ("BAE plc" or the "Company"). BAE plc and the Individual Defendants (collectively, "Defendants") urge this Court to dismiss for any one of three separate and independently...

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