United States Ninth Circuit

In this derivative action brought by plaintiff-shareholder, dismissal of the consolidated derivative suit for failure to make a demand on defendant-corporation's board, or to sufficiently allege demand futility, is affirmed, where under Nevada law and the facts of this case, the district court properly held that issue preclusion barred relitigation of demand futility.

Appellate Information

• Decided 12/17/2014
• Published 12/17/2014

Judges

• Callahan

Court

• United States Ninth Circuit

Counsel