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WENZEL v. KNIGHT

Civil Case No. 3:14-cv-432.

DOROTHY WENZEL, on behalf of herself and all others similarly situated, Plaintiff, v. GLADE M. KNIGHT, et al., Defendants.

United States District Court, E.D. Virginia, Richmond Division.

January 14, 2015.

Attorney(s) appearing for the Case

Dorothy Wenzel, on behalf of herself and all other similarly situated, Plaintiff, represented by Jeffrey Hamilton Geiger , Sands Anderson PC, Daniel Robert Lapinski , Wilentz, Goldman & Spitzer PA & Kevin Peter Roddy , Wilentz, Goldman & Spitzer, P.A..

Glade M. Knight, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Michael S. Waters, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Robert M. Wily, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

James C. Barden, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Justin Knight, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

David McKenney, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Kristian Gathright, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Bryan Peery, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Kent Colton, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Glenn W. Bunting, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Lisa B. Kern, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Apple Seven Advisors, Inc., Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Apple Eight Advisors, Inc., Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

Apple Fund Management, LLC, Defendant, represented by Elizabeth Flannagan Edwards , McGuireWoods LLP & Jeffrey Dean McMahan, Jr. , McGuireWoods LLP.

MEMORANDUM OPINION

JOHN A. GIBNEY, District Judge.

Two companies instituted programs through which their shareholders could reinvest their dividends in the company and receive additional shares. Dorothy Wenzel, a shareholder of one of those companies, brings this putative class action and alleges that the directors, managers, and advisors of those companies knew the price they charged for shares far exceeded their fair market value...

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