United States Fifth Circuit

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Broyles v. Cantor Fitzgerald & Co., 17-30092

Vacated. The district court erred in finding that plaintiffs lacked standing under Delaware law to bring a direct action against investment advisors instead of initiating a derivative action. They only need to plead an arguable position that they were not relegated to derivative actions.

Appellate Information

  • Decided
  • Published 2019/08/28

Judges

  • Dennis

Court

  • United States Fifth Circuit

Counsel