Legal Opinion
Will v. Engebretson & Co.
California Court of Appeal
Decided August 31, 1989No. G006681PublishedCited by 18 opinions
1Opinion of the Court
Opinion
SCOVILLE, P. J.
The superior court dismissed plaintiff’s shareholder derivative action under the “business judgment rule” after a compensation committee appointed by the corporation’s board of directors determined that it was in the best interests of the corporation to terminate the lawsuit. (See Gaines v. Haughton (9th Cir. 1981) 645 F.2d 761; Lewis v. Anderson (9th Cir. 1979) 615 F.2d 778.) In finding that the action should be dismissed, the trial court treated defendant’s motion for summary judgment (Code Civ. Proc., § 437c) as a “hybrid dismissal motion” and conducted a limited…
2Cases cited22 opinions
- Burks v. LaskerSupreme Court of the United States · 1979
- Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. NorthCourt of Appeals for the Second Circuit · 1982
- Auerbach v. BennettNew York Court of Appeals · 1979
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Jones v. H. F. Ahmanson & Co.California Supreme Court · 1969
17 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Houle v. LowMassachusetts Supreme Judicial Court · 1990
- In Re PSE & G Shareholder LitigationSupreme Court of New Jersey · 2002
- Janssen v. Best & FlanaganSupreme Court of Minnesota · 2003
- Patrick v. Alacer Corp.California Court of Appeal · 2008
- Katz v. Chevron Corp.California Court of Appeal · 1994
13 more not listed; retrieve them via the Exa API.