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In recognition of outstanding efforts in providing pro bono representation in the immigration field, Troutman Pepper has received the 2023 Michael Maggio Memorial Pro Bono Award from the American Immigration Lawyers Association (AILA). ....
To embed, copy and paste the code into your website or blog: As Troutman Pepper recently reported, the second half of 2020 brought a new wave of board diversity derivative litigation. [1] These shareholder suits claimed boards of directors of public companies allegedly breached their fiduciary duties by failing to include diverse directors on their boards, despite statements of commitment to diversity, equality, and inclusion. On March 19, one of the earliest cases filed, Ocegueda v. Zuckerberg, No. 3:20-cv-04444-LB (N.D. Cal.), was also the first dismissed, albeit with leave to amend. [2] U.S. Magistrate Judge Laurel Beeler granted the defendants’ motion to dismiss because (1) the plaintiff failed to plead demand futility with particularity; (2) the plaintiff’s state law claims were barred by the forum-selection clause in the company’s certificate of incorporation; and (3) the plaintiff failed to plead essential elements of her federal securities claim. [3] ....