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Does the in pari delicto defense apply in derivative actions?

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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June 21 2011

“In pari delicto” is a Latin phrase meaning in equal fault

Court rejects control requirement for director liability

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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May 3 2011

Outside directors and their counsel should take note of yesterday’s decision by the First District Court of Appeal in Hellum v. Breyer

When a corporation dissolves, does the attorney-client privilege live on?

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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June 22 2011

Generally, a corporation’s suit for legal malpractice results in a waiver of the attorney-client privilege

Nevada Supreme Court adopts Delaware approach to fair value burden of proof

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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May 20 2011

Recently, the Nevada Supreme Court answered several questions concerning how to determine the "fair value" of shares under Nevada's dissenters' rights statutes (found in NRS Chapter 92A

Does California’s anti-waiver statute void choice of forum agreements?

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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September 29 2011

California Corporations Code Section 25701 is derived from Section 410(g) of the Uniform Securities Act (1956

One may be the loneliest number but it's not a partnership

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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August 11 2011

Yesterday, a California Court of Appeal concluded that the idea of a one person partnership under the Revised Uniform Partnership Act has as much reality as a number whose square is a negative number

Court decides buy-out claims are derivative

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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August 9 2011

When a shareholder sues corporate officers and directors, she must decide whether to bring a direct action (which may be a class action) or a derivative suit

Court decides a “division of the waters” does not violate the Corporations Code

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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November 16 2011

Anyone who is familiar with California knows that water is the key to its agricultural abundance and vast urban spaces

Nevada Supreme Court addresses delivery of dissenters’ rights notices

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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July 13 2011

Last week, the Nevada Supreme Court answered the question of whether notice of dissenters’ rights must be delivered to both stockholders of record and beneficial owners

Ninth Circuit finds that in contract interpretation “words of a feather flock together”

Allen Matkins Leck Gamble Mallory & Natsis LLP
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USA
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August 24 2011

Yesterday, the Ninth Circuit Court of Appeals issued an opinion that will likely be cited most often for its conclusions regarding scienter, loss causation and Rule 10b-5