David Kistenbroker

David Kistenbroker

Dechert LLP

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Ninth Circuit Rules that Say-On-Pay Suit Belongs in State Court

In a recent ruling, the United States Court of Appeals for the Ninth Circuit concluded that certain related shareholder derivative suits arising out of a say-on-pay decision involving Pico Holdings, Inc. (the “Company”) were...more

8/14/2013 - Board of Directors Derivative Suit Dodd-Frank Executive Compensation Fiduciary Duty Jurisdiction Removal Say-on-Pay

Defending Section 162(m) Executive Compensation Derivative Suits in the United States

Decisions regarding executive compensation fall squarely within the discretion of a public company’s board of directors. Recently, however, plaintiffs’ firms have been trying to invade the board’s purview by bringing...more

2/12/2013 - Board of Directors Business Judgment Rule Derivative Suit Executive Compensation Fiduciary Duty Section 162(m) Shareholder Litigation

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