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COTTRELL v. DUKE

No. 12-3871.

737 F.3d 1238 (2013)

John COTTRELL, Derivatively and on behalf of Wal-Mart Stores, Inc.; Louisiana Municipal Police Employees' Retirement System; Elizabeth Tuberville; Kathryn Johnston Lomax; William Cottrell; Andrew Richman, Plaintiffs-Appellants. v. Michael T. DUKE; Aida M. Alvarez; James W. Breyer; M. Michelle Burns; James I. Cash, Jr.; Roger C. Corbett; Douglas N. Daft; Gregory B. Penner; Steven S. Reinemund; H. Lee Scott, Jr.; Arne M. Sorenson; Jim C. Walton; S. Robson Walton; Christopher J. Williams; Linda S. Wolf; Wal-Mart Stores, Inc., Nominal Defendant; Eduardo Castro-Wright; Thomas A. Mars; Thomas D. Hyde, Defendants-Appellees. Craig Herkert; Eduardo F. Solorzano Morales; Jose Luis Rodriguezmacedo Rivera, Defendants. Roland Hernandez, Defendant-Appellee. Lee Stucky, Defendant.

United States Court of Appeals, Eighth Circuit.

Filed: December 18, 2013.

Attorney(s) appearing for the Case

Judith Scolnick , argued, New York, N.Y. ( Scott E. Poynter , William T. Crowder , and Corey D. McGaha , Little Rock, AR, John G. Emerson , Houston, TX, and Thomas L. Laughlin, IV , New York, NY, on the briefs), for Appellants.

Mark A. Perry , argued, Washington, DC ( Teresa Wineland and Jess Askew, III , Little Rock, AR, Alexander K. Mircheff and Theodore J. Boutrous, Jr. , Los Angeles, CA, and Jonathan C. Dickey , New York, NY, on the briefs), for Appellees.

Before MURPHY, MELLOY, and SHEPHERD, Circuit Judges.

SHEPHERD, Circuit Judge.

In Colorado River Water Conservation District v. United States, the United States Supreme Court held that exceptional circumstances may permit a federal court to refrain from hearing a case and instead defer to a concurrent, parallel state-court proceeding. The question in this appeal is whether a federal court may utilize Colorado River to stay a federal shareholder-derivative proceeding that contains a valid claim within the...

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