California Court of Appeal

In a derivative action against directors of Chevron Corp. based on illicit payments Chevron allegedly made to Saddam Hussein in exchange for Iraqi oil, the dismissal of the action is affirmed where plaintiff failed to meet his burden to allege facts sufficient to rebut the presumption that a special committee of the board exercised valid business judgment when it refused to maintain the underlying lawsuit.

Appellate Information

• Decided 03/30/2010
• Published 03/30/2010

Judges

Court

• California Court of Appeal

Counsel