Academy and Board Defeat Lawsuit Challenging 2018 Bylaws Amendment Changing Composition of the Academy’s Selection Committee That Appoints Members to the ABCD and ASB
After two years of litigation funded by the Conference of Consulting Actuaries (CCA), Judge Michael Mullen of the Circuit Court of Cook County, Illinois, entered summary judgment in the lawsuit in favor of the defendants—the Academy and current and former members of its Board of Directors. Judge Mullen found that the Academy Board had the authority to adopt a September 4, 2018, bylaws amendment that changed the membership of the Academy’s Selection Committee. Read more.
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