Legal Opinion
Burks v. Lasker
Supreme Court of the United States
Decided May 14, 1979No. 77-1724PublishedCited by 430 opinions
1Opinion of the CourtJustice Brennan
The question presented in this case is whether the disinterested directors of an investment company may terminate a stockholders’ derivative suit brought against other directors under the Investment Company and Investment Advisers Acts of 1940, 15 U. S. C. § 80a-1 et seq.; 15 U. S. C. § 80b-1 et seq. To decide that question, we must determine the appropriate roles of federal and state law in such a controversy.
Respondents, shareholders of Fundamental Investors, Inc., an investment company registered under the Investment Company Act, brought this derivative suit in February 1973 in the…
2Cases cited43 opinions
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3Cited by430 opinions
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