Block on Trump's Asylum Ban Upheld by Supreme Court
In a shareholder derivative action alleging breaches of fiduciary duties and waste of corporate assets by current and former directors of a corporation, dismissal of the action is affirmed where: 1) pursuant to the District of Columbia's internal affairs doctrine, English law applied; and 2) plaintiff failed to show that its complaint fell outside the rule of Foss v. Harbottle, (1843) 2 Hare 461, 67 E.R. 189, which established that the company, not a shareholder, was the proper plaintiff in a suit seeking redress for wrongs allegedly committed against the company.
Argued September 24, 2009
Decided December 29, 2009
Opinion by Judge Edwards