Bigfoot Ventures Ltd. v. Knighton (9th Cir. 2025) 132 F.4th 1138
Under FRCivP 23.1, a derivative action may be maintained only by a plaintiff stockholder that can adequately and fairly represent similarly situated stockholders. In Larson v. Dumke (9th Cir. 1990) 900 F.2d 1363, the court listed eight factors that a district court could consider in deciding whether the plaintiff was an adequate representative. However, a district court need not consider… Read More