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KNOP v. MACKALL

No. 10-7037.

645 F.3d 381 (2011)

Peter J. KNOP, II, Individually, and derivatively on behalf of Avenir Corporation, Appellee v. Charles G. MACKALL, Jr., et al., Appellants.

United States Court of Appeals, District of Columbia Circuit.

Decided May 13, 2011.

Attorney(s) appearing for the Case

Jennifer L. Swize argued the cause for appellants. With her on the briefs was Michael A. Carvin .

Russell J. Gaspar argued the cause for appellee. With him on the brief was Andrew K. Wible .

Opinion for the Court filed by Circuit Judge KAVANAUGH.

KAVANAUGH, Circuit Judge:

Peter Knop is a shareholder in Avenir, a Washington, D.C.-based investment company. Knop brought a shareholder derivative suit naming Avenir and its three principal officers, Mackall, Keefe, and Rooney, as defendants. Knop alleged that Mackall, Keefe, and Rooney engaged in various forms of financial misconduct as Avenir's managers. Because Knop brought a shareholder derivative suit, he also named...

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