Grosset v. Wenaas

175 P.3d 1184 (2008)

From our private database of 45,900+ case briefs, written and edited by humans—never with AI.

Grosset v. Wenaas

California Supreme Court
175 P.3d 1184 (2008)

Facts

Richard Grosset brought a shareholder derivative suit on behalf of JNI Corporation (JNI) against several of JNI’s officers and directors (defendants). After filing the lawsuit, Grosset sold his stock, and another JNI shareholder, Sik-Lin Huang (plaintiff), sought to intervene as a plaintiff. The trial court allowed Huang to intervene but dismissed the action on the merits. After the trial court’s ruling, JNI merged with a subsidiary of another corporation. Pursuant to the merger plan, the other corporation purchased all outstanding JNI stock, including Huang’s shares. After the merger, Huang filed to appeal the trial-court decision. The court of appeals dismissed the appeal, finding that Huang lacked standing to continue the litigation because he was no longer a JNI shareholder. Huang appealed to the California Supreme Court.

Rule of Law

Issue

Holding and Reasoning (Baxter, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 741,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials
  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 741,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 45,900 briefs, keyed to 984 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 741,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 45,900 briefs - keyed to 984 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership