May 28, 2009

California Appellate Court Issues Significant Ruling in Shareholder Derivative Litigation

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On May 26, 2009, the California Court of Appeal for the Second District issued a ruling in Vaughn v. LJ International, Inc., a case that will be significant in the development of California law governing shareholder derivative litigation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.