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BAINS v. MOORES

No. D052533.

172 Cal.App.4th 445 (2009)

ROBERT REESE BAINS III et al., Plaintiffs and Appellants, v. JOHN J. MOORES et al., Defendants and Respondents.

Court of Appeals of California, Fourth District, Division One.

March 20, 2009.

Attorney(s) appearing for the Case

Patricia A. Meyer & Associates, Patricia A. Meyer, Trevor M. Flynn; Robert P. Ottilie; Kiesel Boucher & Larson and Raymond P. Boucher for Plaintiffs and Appellants.

Quinn Emanuel Urquhart Oliver & Hedges, John B. Quinn, Harry A. Olivar, Jr.; Kirby Noonan Lance & Hoge, David J. Noonan; Niddrie Fish & Buchanan and David A. Niddrie for Defendant and Respondent John J. Moores.

David A. Hahn; Gibbs & Bruns, Robin C. Gibbs, J. Christopher Reynolds, Ayesha Najam, Jeffry J. Cotner and Aundrea K. Frieden for Defendant and Respondent Charles E. Noell III.

Bewley, Lassleben & Miller, Leighton M. Anderson and David A. Brady for Defendant and Respondent Christopher A. Cole.

OPINION

AARON, J.—

I.

INTRODUCTION

In February 2003, Robert Reese Bains III and a group of former Peregrine Systems, Inc. (Peregrine), shareholders (collectively plaintiffs) filed this action against former Peregrine directors John J. Moores, Charles E. Noell III, and Christopher A. Cole (collectively defendants), as well as several former Peregrine employees...

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