VAUGHN v. LJ INTERNAT., INC.

No. B208192.

174 Cal.App.4th 213 (2009)

___ Cal.Rptr.3d ___

JOHN VAUGHN, JR., Plaintiff and Appellant, v. LJ INTERNATIONAL, INC., et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Eight.

May 26, 2009.


Attorney(s) appearing for the Case

Johnson Bottini, Frank J. Johnson, Francis A. Bottini, Brett M. Weaver and Derek J. Wilson for Plaintiff and Appellant.

Morrison & Foerster, Dan Marmalefsky and Saro Balian for Defendants and Respondents.


OPINION

O'NEILL, J.*

A shareholder of a publicly traded corporation filed a derivative action in California alleging breaches of fiduciary duty by corporate officers and directors. The international business, a fine jewelry company incorporated in the British Virgin Islands, has no other connection to that jurisdiction. The company employs 3,000 people at its manufacturing facility in China. The majority...

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