Dismissal Of State Court Derivative Action Yields Dismissal Of Parallel Federal Action
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). See Delaware 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. See…