Director of Cellular Company Wins Dismissal in Shareholder Derivative Action
Lash & Goldberg LLP defended a shareholder derivative action on behalf of a director in a wireless cellular telephone company.
Following protracted pre-trial pleading and discovery proceedings, the Palm Beach County state trial court dismissed all shareholder derivative claims asserted against the director. Following briefing and oral argument, the trial court’s decision was affirmed on appeal by Florida’s Fourth District Court of Appeal.