United States Third Circuit

Dismissal under Rule 12(b) of plaintiffs' derivative claims regarding violations of officers and directors-defendants' fiduciary duties is remanded for reconsideration of a demand refusal issue on summary judgment where the trial court considered materials outside the pleadings in its dismissal.

Appellate Information

• Decided 12/16/2005
• Published 12/16/2005

Judges

• AMBRO, Circuit Judge., Before ALITO, and AMBRO, Circuit Judges and RESTANI, Chief Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Jason S. Feinstein, Sterns & Weinroth, Trenton, NJ, Jeffrey S. Abraham, (Argued), Abraham, Fruchter & Twersky, New York, NY, for Appellants.


• For Appellees:
  
• Daniel J. Kramer, (Argued), Paul, Weiss, Rifkind, Wharton & Garrison, New York, NY, Gregory B. Reilly, Deborah A. Silodor, Lowenstein Sandler Roseland, NJ, for Appellees.