Legal Opinion
Lawrence Arduini v. Igt
Court of Appeals for the Ninth Circuit
Decided December 17, 2014No. 12-15750PublishedCited by 30 opinions
1Opinion of the Court
OPINION
CALLAHAN, Circuit Judge:
Shareholders are required to make a “demand” on the corporation’s board of directors before filing a derivative suit, unless they sufficiently allege that demand would be futile because the board would not act on the demand. Here, before Plaintiff Lawrence Arduini (“Arduini”) filed his derivative action against 'International Gaming Technology (“IGT”) and its board of directors, four shareholders filed separate derivative suits that were subsequently consolidated. The district court then dismissed the consolidated suit for failure to make a demand on the…
2Cases cited26 opinions
- Taylor v. SturgellSupreme Court of the United States · 2008
- Aronson v. LewisSupreme Court of Delaware · 1984
- Ross v. BernhardSupreme Court of the United States · 1969
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Burks v. LaskerSupreme Court of the United States · 1979
21 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- California State Teachers' Retirement System v. AlvarezSupreme Court of Delaware · 2018
- Securities & Exchange Commission v. World Capital Market, Inc.Court of Appeals for the Ninth Circuit · 2017
- Clifford Tindall v. First Solar Inc.Court of Appeals for the Ninth Circuit · 2018
- In re Facebook, Inc.District Court, N.D. California · 2019
- Saxton v. Federal Housing Finance AgencyDistrict Court, N.D. Iowa · 2017
25 more not listed; retrieve them via the Exa API.