Issue Preclusion Rule Bars Demand Futility Claim In Derivative Suit, Judge Rules

Mealey's (April 9, 2021, 1:55 PM EDT) -- OAKLAND, Calif. — A federal judge in California on April 5 dismissed a shareholder derivative lawsuit against certain current and former executive officers and directors of a semiconductor manufacturer without leave to amend, ruling that investor claims of demand futility are barred under the “applicable issue preclusion rule.”...