District Court Dismisses Complaint Against Current and Former Ciber Officers and
On February 25, 2015, the U.S. District Court for the District of Colorado dismissed a purported shareholder derivative lawsuit against several of Ciber's current and former officers and then-current board of directors. Wilson Sonsini Goodrich & Rosati represented the defendants in the matter.
The lawsuit—Seni v. Peterschmidt et al.—was filed in February 2012, alleging that the defendants had breached their fiduciary duties of good faith, fair dealing, loyalty, due care, reasonable inquiry, oversight, and supervision by approving the issuance of allegedly false statements that misrepresented material information about Ciber's finances and operations. In March 2013, the court dismissed the complaint with leave to amend. In April 2013, the plaintiff filed an amended complaint that largely made the same claims as the original complaint. In February 2014, the court dismissed the amended complaint with leave to amend. The plaintiff then filed a second amended complaint, and the defendants filed a motion to dismiss the second amended complaint in March 2014. Most recently, the court dismissed this complaint with prejudice and awarded costs to the defendants.
The Wilson Sonsini Goodrich & Rosati team that provided representation to the defendants in the matter was comprised of partners Boris Feldman and Elizabeth Peterson, associates Stephen Beke and Stephen Strain, and senior paralegal Stacy Love.