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.
- Decided 04/29/2003
- Published 04/29/2003
- California Court of Appeal
- 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.