[DOWNLOAD] "Morrison v. Jones" by Ninth Circuit United States Court of Appeals * Book PDF Kindle ePub Free

February 10, 2021

eBook details

Title: Morrison v. Jones
Author : Ninth Circuit United States Court of Appeals
Release Date : January 19, 1979
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 57 KB

Description

Two minority shareholders of Walt Disney Productions appeal from partial summary judgment barring their derivative action against certain directors. The district court ruled that the board may appoint a "special litigation committee" to determine whether maintaining the action is in the corporations best interests. So long as the committee exercises its best business judgment, its decision to dismiss the action will be honored by the courts. The court reserved for trial the question whether the committee did exercise good faith business judgment. We granted review under 28 U.S.C. Â§ 1292(b) and Rule 5 of the Federal Rules of Appellate Procedure.