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CHARTER TOWNSHIP OF CLINTON POLICE & FIRE RETIREMENT SYSTEM v. MARTIN

No. B241087.

219 Cal.App.4th 924 (2013)

162 Cal. Rptr. 3d 300

CHARTER TOWNSHIP OF CLINTON POLICE AND FIRE RETIREMENT SYSTEM et al., Plaintiffs and Appellants, v. CRAIG L. MARTIN et al., Defendants and Respondents.

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

Filed September 17, 2013.

Attorney(s) appearing for the Case

Robbins Geller Rudman & Dowd, Travis E. Downs III , Kevin K. Green and Amanda M. Frame for Plaintiff and Appellant Charter Township of Clinton Police and Fire Retirement System.

The Weiser Law Firm and Kathleen A. Herkenhoff for Plaintiff and Appellant Colleen Witmer.

Robbins Umeda , Brian J. Robbins and Shane P. Sanders for Plaintiff and Appellant Daniel Himmel.

Paul Hastings , William F. Sullivan , D. Scott Carlton ; Wachtell, Lipton, Rosen & Katz, Warren R. Stern and Kim B. Goldberg for Defendants and Respondents Craig L. Martin , Noel G. Watson , Joseph R. Bronson , John F. Coyne , Robert C. Davidson, Jr. , Edward Fritzky , John P. Jumper , Linda Fayne Levinson , Benjamin F. Montoya , Thomas M.T. Niles , Peter J. Robertson , John W. Prosser, Jr. , Thomas R. Hammond , George A. Kunberger , Gregory J. Landry and Frederic W. Cook & Co., Inc.

Gibson, Dunn & Crutcher, Joel A. Feuer ; and Michael M. Farhang for Defendant and Respondent Jacobs Engineering Group Inc.

OPINION

KRIEGLER, J. —

Three plaintiffs1 filed the operative consolidated amended shareholder derivative complaint on behalf of nominal party Jacobs Engineering Group, Inc., against multiple defendants, including the individual members of Jacobs's board of directors (the Board),2 senior Jacobs executives3 covered by a May 2010 executive compensation...

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