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GROSSET v. WENAAS

No. S139285.

72 Cal.Rptr.3d 129 (2008)

42 Cal.4th 1100

175 P.3d 1184

Richard GROSSET, Plaintiff, v. Eric P. WENAAS et al. Defendants and Respondents; Sik-Lin Huang, Intervener and Appellant.

Supreme Court of California.

February 14, 2008.

Attorney(s) appearing for the Case

Kreindler & Kreindler, Gretchen M. Nelson, Los Angeles; Federman & Sherwood, William B. Federman, Stuart W. Emmons; Law Offices of George A. Shohet and George A. Shohet for Intervener and Appellant.

Steven G. Ingram for Consumer Attorneys of California as Amicus Curiae on behalf of Intervener and Appellant.

Richard M. Buxbaum as Amicus Curiae on behalf of Intervener and Appellant.

Gray Cary Ware & Freidenrich, DLA Piper Rudnick Gray Cary US, DLA Piper US, Robert W. Brownlie, Paul A. Reynolds, San Diego, Kathryn E. Karcher and Stanley J. Panikowski for Defendants and Respondents.

National Chamber Litigation Center, Robin S. Conrad, Amar D. Sarwal; Morrison & Foerster, Beth S. Brinkman, Seth M. Galanter, Jordan Eth, Judson E. Lobdell and Christopher A. Patz, San Francisco, for Chamber of Commerce of the United States of America as Amicus Curiae on behalf of Defendants and Respondents.

BAXTER, J.

Richard Grosset originally filed this shareholder's derivative action on behalf of JNI Corporation (JNI) against certain of its directors and officers. The complaint sought redress solely for injuries sustained by JNI as a result of the defendants' alleged wrongdoing. No recovery was sought for any direct or individual harm to JNI stockholders.

After Grosset lost standing to litigate this matter, the trial court permitted Sik-Lin Huang, another...

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