Moonlight Investments, Ltd. v. John

OPINION

AUSTIN McCLOUD, Senior Justice.

The issue in this appeal is the propriety of the trial court’s dismissal of a shareholder’s derivative action based upon the shareholder’s failure to make a pre-suit demand. Moonlight Investments, Ltd., a shareholder of a Maryland corporation known as Key Energy Services, Inc., brought this suit on behalf of Key Energy against various board members, officers, and auditors of the corporation. 1 Those sued were Francis D. John, Richard J. Alario, James J. Byerlotzer, Royce W. Mitchell, Kevin P. Collins, W. Phillip Mar-cum, Ralph S. Michael III, and KPMG…