In Wert v. Cohn, No. 17-C-219 (N.D. Ill. Sept. 1, 2017), shareholders of Ditto Holdings (“Ditto”) sued Ditto’s general counsel and members of Ditto’s board of directors. Plaintiffs alleged mismanagement and fraud, including fraud under Rule 10b-5 of the securities laws. Some of plaintiffs’ allegations concerned an investigative report prepared by Ditto’s outside counsel. Ditto had hired the law firm to investigate a former director’s allegations of corporate mismanagement.
