Shareholder Derivative Actions: Prevailing Defendants Must Look To Bond For Recovery Unless Independent Basis Exists For More Fees
Cases: Special Fee Shifting StatutesFifth District Finds that Corporations Code Section 800 Is a Bond/Security Statute, Not Fee Liability Statute. The Fifth District, in West Hills Farms, Inc. v. RCO Ag Credit, Inc., Case No. F054748 (5th Dist. Jan. 26, 2009) (certified for partial publication), found that a prevailing defendant in a shareholder derivative action is limited to […]
