United States director terminationinvestment company actincorporation of state law

Burks v. Lasker

441 U.S. 471 (1979)

JurisdictionUnited States

CourtSupreme Court of the United States

Year1979

StatusBinding authority

Key Principle

State law governs whether a disinterested board committee may terminate a shareholder derivative suit, provided the state law is consistent with the policies of the federal securities and investment company acts.

Area of Law

company, commercial

Related Cases

Klein v. Martin 607 U. S. 213 (2026)

Glossip v Oklahoma 604 U.S. 226 (2025)

Cunningham v. Cornell 604 U.S. 693 (2025)

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