If there is any logic in US law, the latest nuisance class-action lawsuit, brought this time against Unisys Corp on behalf of shareholders that voted on a motion at the March 1988 annual meeting against officers and directors of the company alleging use of false and misleading information, doesn’t have a prayer: the complaint is over the fact that subsequent misfeasance that has been uncovered in the defence subsidiaries, but the defendents seem to have cast-iron protection – in the vote in question, holders approved an indemnification agreement that protects Unisys directors against future lawsuits – which can hardly exclude this one.
