United States Ninth Circuit

A proxy statement need not have included a "Black-Scholes" valuation of stock options granted to outside (non-employee) directors, thus dismissal of a shareholder's derivative action against a company and its board of directors is affirmed.

Appellate Information

• Argued 12/05/2002
• Decided 03/07/2003
• Published 03/07/2003

Judges

• TASHIMA, Circuit Judge:, Before: BRUNETTI and TASHIMA, Circuit Judges, and EZRA, District Judge.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• A. Arnold Gershon, New York, NY, for the plaintiff-appellant.


• For Appellees:
  
• Kevin P. Muck, Clifford Chance Rogers & Wells, San Francisco, CA, for the defendants-appellees.