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DONOGHUE v. OAKTREE SPECIALTY LENDING CORP.

21 Civ. 4770 (PAE).

600 F.Supp.3d 463 (2022)

Deborah DONOGHUE and Mark Rubenstein, Plaintiffs, v. OAKTREE SPECIALTY LENDING CORP., Nominal Defendant, and Leonard M. Tannenbaum, Defendant.

United States District Court, S.D. New York.

Signed April 25, 2022.

Attorney(s) appearing for the Case

David Lopez, Law Office of David Lopez, Southampton, NY, Miriam Deborah Tauber, Miriam Tauber Law, New York, NY, James Austen Hunter, Pipersville, PA, for Plaintiffs.

Jeffrey Adam Udell, Walden Macht & Haran LLP, New York, NY, Derek Borchardt, New York State Office of the Attorney General, New York, NY, George William Kroup, The Law Offices of John F. Baughman, PLLC, New York, NY, for Defendant.

Bradley Randall Bobroff, Proskauer Rose LLP, New York, NY, for Nominal Defendant.

OPINION & ORDER

In this derivative action, shareholders of Oaktree Specialty Lending Corporation ("OCSL") bring suit to recover alleged short-swing profits obtained by a company insider, Leonard Tannenbaum, pursuant to Section 16(b) of the Securities Exchange Act of 1934 (the "Act"), 15 U.S.C. &...

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