United States Ninth Circuit

ResetAA Font size: Print

Louisiana Municipal Police Employees' Retirement Sys. v. Wynn, 14-15695

In a shareholder derivative lawsuit alleging that casino resort board of director defendants breached their fiduciary duties, the District Court's dismissal under Fed. R. Civ. P. 23.1 is affirmed where: 1) diversity jurisdiction under 28 U.S.C. section 1332(a)(2) was improper because there were American citizens on both sides of the case; 2) the district court did not abuse its discretion in determining that the shareholders failed to comply with Rule 23.1 or state law governing demand futility; and 3) there was no reversible error if the district court considered materials extraneous to the complaint.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2016/07/18

Judges

  • O'SCANNLAIN

Court

  • United States Ninth Circuit

Counsel


FindLaw Career Center

    Select a Job Title


      Post a Job  |  Careers Home

    View More