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Dismissal Of State Court Derivative Action Yields Dismissal Of Parallel Federal Action

Pyott involved the effect of a dismissal of a derivative action by a federal court on a pending derivative action in state court. Ninth Circuit considered the converse situation - the effect of a California state court's dismissal of a derivative action on a pending derivative action in federal court. Hamilton v. Advanced Micro Devices ....

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Dismissal Of State Court Derivative Action Yields Dismissal Of Parallel Federal Action | Allen Matkins

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I first wrote about the preclusive effect, if any, of a dismissal of a parallel derivative action some nine years ago when I wrote about Vice Chancellor J. Travis Laster s ruling in
La. Mun. Police Emples. Ret. Sys. v. Pyott, 46 A.3d 313, (2012).
SeeDelaware Court of Chancery Overrules Federal Court. A year later, the Delaware Supreme Court reversed that ruling in Pyott v. La. Mun. Police Emples. Ret. Sys., 74 A.3d 612.
Pyott involved the effect of a dismissal of a derivative action by a federal court on a pending derivative action in state court. Earlier this month, U.S. District Court Judge Yvonne Gonzalez Rogers considered the converse situation - the effect of a California state court s dismissal of a derivative action on a pending derivative action in federal court. ....

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