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GUZMAN v. JOHNSON

No. 79818.

483 P.3d 531 (2021)

137 Nev. Adv. Opn. 13

Lisa GUZMAN, on behalf of Herself and All Others Similarly Situated, Appellant, v. Robert L. JOHNSON; Miguel Penella; John Hsu; Arlene Manos; H. Van Sinclair; Andor M. Laszlo; Scott Royster; Dayton Judd; John Ziegelman; Amc Network, Inc.; Digital Entertainment Holdings, LLC; and River Merger Sub, Inc., Respondents.

Supreme Court of Nevada.

Filed March 25, 2021.

Attorney(s) appearing for the Case

Monteverde & Associates PC and Juan E. Monteverde , New York, New York; Albright Stoddard Warnick & Albright and G. Mark Albright and Jorge L. Alvarez , Las Vegas; Kahn Swick & Foti, LLC, and Michael J. Palestina , New Orleans, Louisiana, for Appellant.

Brownstein Hyatt Farber Schreck, LLP, and Kirk B. Lenhard and Maximilien D. Fetaz , Las Vegas; Sullivan & Cromwell LLP and John L. Hardiman and Charles E. Moulins , New York, New York, for Respondents.

BEFORE THE COURT EN BANC.

OPINION

A shareholder who sues a corporate director individually for breach of fiduciary duty must, under NRS 78.138(7), rebut the business judgment rule and demonstrate that the alleged breach involved intentional misconduct, fraud, or a knowing violation of the law. In the instant case, appellant Lisa...

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