Legal Opinion
Keever v. Jewelry Mountain Mines, Inc.
Nevada Supreme Court
Decided October 4, 1984No. 15365PublishedCited by 6 opinions
1Opinion of the Court
OPINION
2Per curiam
The present controversy involves a derivative action lawsuit brought by John Tripp, a minority shareholder in Jewelry Mountain Mines, Inc., and Nicholas Hughes, a former shareholder, against the controlling shareholders, Virgil and Annette Keever. In this appeal, we concern ourselves with the question of whether Nicholas Hughes had standing to bring a derivative action suit, on behalf of Jewelry Mountain Mines, Inc., against the Keevers.
Under the contemporaneous ownership requirements of NRCP 23.1, a representative plaintiff must have owned stock in the corporation “at the time of the…
3Cases cited3 opinions
- Harry Lewis v. Al KnutsonCourt of Appeals for the Fifth Circuit · 1983
- Schupack v. CovelliDistrict Court, W.D. Pennsylvania · 1980
- Gascue v. Saralegui Land & Livestock Co.Nevada Supreme Court · 1953
4Cited by6 opinions
- Cohen v. Mirage Resorts, Inc.Nevada Supreme Court · 2003
- Goodman v. Phoenix Container, Inc. (In Re DeMert & Dougherty, Inc.)United States Bankruptcy Court, N.D. Illinois · 2001
- In re Computer Sciences Corp. Derivative LitigationDistrict Court, C.D. California · 2007
- Cohen v. Mirage Resorts, Inc.Nevada Supreme Court · 2003
- Keever v. Jewelry Mountain Mines, Inc. ex rel. TrippNevada Supreme Court · 1986
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