California Court of Appeal

DESAIGOUDAR v. MEYERCORD, H023911

Judicial review of the decision of a special litigation committee appointed by a corporation's board of directors is governed by the business judgment rule. Neither the merits of a shareholders' derivative claim nor the substance of the committee's decision to reject the claim is subject to judicial review at this stage.

Appellate Information

• Decided 04/29/2003
• Published 04/29/2003

Judges

• PREMO, Acting P.J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Archer & Hanson, Richard J. Archer, Jaress & Leong, R. Patrick Jaress, for Plaintiffs/Appellants:  Aarathi Desaigoudar, Chan Desaigoudar, as trustees of the Chan Desaigoudar Foundation.


• For Appellees:
  
• Oppenheimer Wolff & Donnelly, Michael H. Kalkstein, Valerie M. Wagner, Palo Alto, for Defendants/Respondents:  Wade Meyercord, Scott Hover-Smoot, Angel Jordan, Jeffrey Kalb, C. Kumar Patel, Stuart Schube, John Sprague, John Trewin.