Legal Opinion
Dennis Ex Rel. PICO Holdings, Inc. v. Hart
Court of Appeals for the Ninth Circuit
Decided July 31, 2013No. 12-55241, 12-55266, 12-55282, 12-55291PublishedCited by 668 opinions
1Opinion of the Court
OPINION
FISHER, Circuit Judge:
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires corporations to hold periodic advisory votes on executive compensation. Nominal defendant PICO Holdings, Inc. held such a vote, and a majority of shareholders expressed dissatisfaction with PICO’s executive compensation policies. Soon thereafter, the plaintiffs in these consolidated cases filed shareholder derivative suits in California state court, alleging that PICO’s compensation policies violated state law. The defendants removed the cases to federal court and argued that Dodd-Frank bars…
2Cases cited11 opinions
- Caterpillar Inc. v. WilliamsSupreme Court of the United States · 1987
- Merrell Dow Pharmaceuticals Inc. v. Thompson Ex Rel. ThompsonSupreme Court of the United States · 1986
- Grable & Sons Metal Products, Inc. v. Darue Engineering & ManufacturingSupreme Court of the United States · 2005
- Beneficial National Bank v. AndersonSupreme Court of the United States · 2003
- Arco Environmental Remediation, L.L.C. v. Department Of Health And Environmental Quality Of The State Of MontanaCourt of Appeals for the Ninth Circuit · 2000
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3Cited by668 opinions
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- Hoskins v. Citigroup, Inc. (In Re Viola)Court of Appeals for the Ninth Circuit · 2014
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