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MOULTON v. STEWART ENTERPRISES, INC.

No. 2020-CA-0090.

321 So.3d 1038 (2021)

Karen MOULTON, Individually and on Behalf of All Others Similarly Situated v. STEWART ENTERPRISES, INC., John B. Elstrott, Jr., Thomas M. Kitchen, Alden J. McDonald, Jr., Ronald H. Patron, Ashton J. Ryan, Jr., John K. Saer, Jr., Frank B. Stewart, Jr., and Service Corp. International, Rio Acquisition Corp.

Court of Appeal of Louisiana, Fourth Circuit.

May 5, 2021.

Attorney(s) appearing for the Case

Andrew A. Lemmon , Scott J. Falgoust , LEMMON LAW FIRM, LLC, 15058 River Road, Hahnville, LA 70057, David T. Wissbroecker , Robbins, Geller Rudman & Dowd LLP, 655 West Broadway, Suite 1900, San Diego, CA 92101, COUNSEL FOR PLAINTIFFS/APPELLANTS.

Robert B. Bieck, Jr. , Mark A. Cunningham , Alexander N. Breckinridge, V , JONES WALKER, LLP, 201 St. Charles Avenue, 49th Floor, New Orleans, LA 70170, Steven W. Usdin , Laurence D. Leseur , BARRASSO USDIN KUPPERMAN FREEMAN & SARVER, LLC, 909 Poydras Street, 24th Floor, New Orleans, LA 70112, Pamela S. Palmer , Admitted Pro Hac Vice, PEPPER HAMILTON LLP, 350 South Grand Avenue, Two California Plaza, Suite 3400, Los Angeles, CA 90071-3427, Edward J. Castaing, Jr. , Edward J. Lilly , CRULL, CASTAING & LILLY, 601 Poydras Street, 2323 Pan American Life Center, New Orleans, LA 70130, COUNSEL FOR DEFENDANTS/APPELLEES.

(Court composed of Judge Terri F. Love, Judge Joy Cossich Lobrano, Judge Rosemary Ledet).

This is a direct shareholder class action. Plaintiffs/appellants, Phillip Rosen and Alex Rodgers (collectively, the "Shareholder Appellants"), appeal the October 18, 2017 amended judgment of the District Court, which granted summary judgment in favor of defendants/appellees, Stewart Enterprises, Inc. (the "Company") and...

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