California Court of Appeal
Mercury Interactive Corp. v. Klein, H031175
In shareholder derivative action brought on behalf of corporation to recover damages to the corporation resulting from the alleged backdating of stock options by several former executives, order granting motion of media representatives to unseal complaint and exhibits is reversed as the trial court erred when it found that there was a presumption of public access to the exhibits to the complaint under NBC Subsidiary (KNBC-TV), Inc. v. Superior Court (1999) 20 Cal.4th 1178, and under the sealed records rules.
- Decided 12/19/2007
- Published 12/19/2007
- DUFFY, J.
- California Court of Appeal
- For Appellant:
- Sara Beth Brody, Norman J. Blears, Heller Ehrman, San Francisco, for Plaintiff and Appellant Mercury Interactive Corporation., M. Todd Scott, James N. Kramer, Sylvia E. Cedial, Orrick Herrington & Sutcliffe, San Francisco, for Susan Skaer., C. Brandon Wisoff, Douglas R. Young, James C. Mann, Farella Braun & Martel, San Francisco, for Sharlene Abrams.
- For Appellees:
- Cheryl W. Foung, Jared Kopel, Thomas Martin, Christina Costley, Jacob T. Veltman, Wilson Sonsini Goodrich & Rosati, Palo Alto, for Defendant and Appellant Kenneth Klein., Karl Olson, Levy Ram & Olson, San Francisco, for Movants and Respondents.