Quantcast
Home / Opinion Digests / Business Law / Settlement of direct action renders derivative action moot (access required)

Settlement of direct action renders derivative action moot (access required)

Where a direct action brought by the company was resolved in a broad release, and there was no evidence of collusion or bad faith, a derivative action asserting identical or similar claims arising out of the same underlying facts was moot Background After the Boards of Directors responsible for the management of Oldfield, a residential community in ...