Does the 9th Circuit have jurisdiction to hear a shareholder derivative suit?
MultiRegion, United States of America
The following excerpt is from Towers v. Iger, 912 F.3d 523 (9th Cir. 2018):
"[W]e review for abuse of discretion the district courts ruling dismissing this shareholder derivative suit on the ground of failure to show demand futility." Rosenbloom v. Pyott , 765 F.3d 1137, 1147 (9th Cir. 2014). We have jurisdiction pursuant to 28 U.S.C. 1291.
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