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DAVIS v. SCOTTISH GROUP LTD.

No. 111.

30 N.Y.3d 247 (2017)

88 N.E.3d 892

66 N.Y.S.3d 447

2017 NY Slip Op 08157

PAUL DAVIS, Appellant, v. SCOTTISH RE GROUP LIMITED et al., Respondents, et al., Defendants.

Court of Appeals of New York.

Decided November 20, 2017.

Attorney(s) appearing for the Case

Boies, Schiller & Flexner LLP, New York City ( Eric Brenner and Matthew Tripolitsiotis of counsel), Guzov, LLC, New York City ( Debra J. Guzov and David J. Kaplan of counsel), and Bolatti & Associates, New York City ( Silvia Bolatti of counsel), for appellant.

Mayer Brown LLP, New York City ( Jean-Marie L. Atamian and James Ancone of counsel), Schulte Roth & Zabel LLP, New York City ( Howard O. Godnick and Andrew D. Gladstein of counsel), and Quinn Emanuel Urquhart & Sullivan, LLP, New York City ( Jennifer J. Barrett and Joshua S. Margolin of counsel), for respondents.

Chief Judge DiFIORE and Judges RIVERA, STEIN, FAHEY and WILSON concur; Judge GARCIA taking no part.

OPINION OF THE COURT

Plaintiff Paul Davis was an owner of ordinary shares in defendant Scottish Re Group Limited (Scottish Re), a Cayman Islands company formerly engaged in the business of reinsurance. He asserted both direct and derivative causes of action against Scottish Re, its indirect wholly-owned operating subsidiary...

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