Update–Shareholder Derivative Action Dismissed for Second Time
By Jerry Carter. In September 2012, we wrote about a Washoe County Business Court Order dismissing a shareholder derivative lawsuit against officers and directors of International Game Technology (“IGT”). The Court granted the plaintiff leave to amend the complaint. Now the amended complaint has been dismissed as well. See Order Dated January 9, 2013. The Business […]
Nevada Supreme Court Affirms Judgment That Subcontractor Failed to Establish Express or Implied Contract
By Jerry Carter. The Nevada Supreme Court recently decided a significant contract case against a subcontractor who refused to sign the written subcontract agreement and failed to deliver any work that could be used by the general contractor. The case is Certified Fire Protection, Inc. v. Precision Construction, Inc., 126 Nev. Adv. Op. 35 (August […]
Washoe County Business Court Finds That Shareholder Derivative Complaint Against International Game Technology Is Insufficient
By Jerry Carter. In an August 23, 2012 Order, the Washoe County Business Court recently determined that a shareholder derivative lawsuit against officers and directors of International Game Technology (“IGT”) was insufficient. Nevertheless, the Court granted the shareholder derivative plaintiff leave to amend the complaint. The plaintiff’s complaint attempted to allege derivative claims on behalf […]