Valley Bank of Nevada v. Ginsburg

OPINION

This is an appeal from an order of the district court approving a proposed settlement in a shareholders’ derivative action. Respondents have filed motions to dismiss this appeal. Appellants oppose the motions. We hold that the order appealed from is not substantively appealable. We further hold that appellants — a group of minority corporate shareholders who were not parties to the action below — have no standing to pursue this appeal. Accordingly, we grant the motions to dismiss.

FACTS

In January 1991, Jeanette Ginsburg, a minority shareholder of respondent Reno Properties Corporation…