Legal Opinion
In re Medtronic, Inc. Shareholder Litigation
Supreme Court of Minnesota
Decided August 16, 2017No. A15-0858PublishedCited by 5 opinions
1Opinion of the Court
OPINION
GILDEA, Chief Justice.
This appeal requires that we decide whether claims that respondent and shareholder Kenneth Steiner asserts in a class-action challenge to a merger transaction were properly dismissed. As relevant here, the district court determined that some claims are derivative, rather than direct, and therefore are subject to the demand and pleading requirements of Minn. R. Civ. P. 23.09. Because Steiner failed to comply with that rule, the district court granted the company’s motion to dismiss. With the exception of one claim, the court of appeals reversed, holding that most…
2Cases cited20 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Gentile v. RossetteSupreme Court of Delaware · 2006
- Feldman v. CutaiaSupreme Court of Delaware · 2008
- El Paso Pipeline GP Company, LLC v. BrinckerhoffSupreme Court of Delaware · 2016
- Laura L. Walsh v. U.S. Bank, N.A.Supreme Court of Minnesota · 2014
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3Cited by5 opinions
- Kelley v. Bmo Harris Bank N.A. (In re Petters Co.)United States Bankruptcy Court, D. Minnesota · 2019
- BMO Harris Bank N.A., as Successor to M&I Marshall and Ilsley Bank v. KelleyDistrict Court, D. Minnesota · 2020
- Kelley v. BMO Harris Bank N.A., as successor to M&I Marshall and IIsley BankDistrict Court, D. Minnesota · 2020
- Nelson v. JerentoskyDistrict Court, D. Minnesota · 2022
- Poultry Borderless Company, LLC v. FroemmingDistrict Court, D. Minnesota · 2021