Rule 23.1 of the Nevada Rules of Civil Procedure specifies the pleading and standing requirements for shareholder derivative actions. Among other things, Rule 23.1 requires that a complaint "allege with particularity the efforts, if any, made by the...
Recent Posts
Adam Beeman claimed to be a member in Legacy Insurance Solutions, LLC, a California limited liability company. In support of his claim to membership, he submitted two operating agreements identifying himself as a member. The defendants disputed his...
Today's post continues the discussion regarding the pending class action lawsuit against Dropbox, Inc. As I mentioned on Monday, the plaintiff is arguing that the company's bylaws do not constitute a contract under California law. The defendants...
Yesterday, I wrote about the motion to dismiss a class action lawsuit against Dropbox based on forum non conveniens and the corporation's federal forum selection bylaw. Several Delaware Justices, Chancellors, and Vice Chancellors and Professor...
Nearly a year ago, the Business Roundtable fomented interest in so-called "stakeholder capitalism" by issuing this statement. The statement garnered 181 signatories who proclaimed "a fundamental commitment to all of our stakeholders".
"How many then should cover that stand bare!"
Shareholders' agreements in closely held corporations frequently grant the corporation and/or the other shareholders the right to repurchase a shareholder's shares if the shareholder ceases to be an employee of the company. What happens if an...
Although many experts from Dr. Fauci to the World Health Organization initially discouraged healthy people from wearing masks, it seemed to me that wearing a face covering should diminish the spread of infection of diseases that are communicated...
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