UBS v. Union de Empleados
Case dismissed, pursuant to Rule 46, on August 26, 2013
Issue: Whether, consistent with the standard of review employed by other Circuit Courts of Appeals, but in direct conflict with the decision below, the United States Court of Appeals for the First Circuit should have reviewed for abuse of discretion the District Court"s determination, pursuant to Rule 23.1, that the particularized facts alleged in a shareholder derivative complaint were insufficient to excuse a pre-suit demand on the corporation's board of directors.
SCOTUSblog Coverage
- Court dismisses shareholder derivative suit (Amy Howe, August 26, 2013)
| Date | Proceedings and Orders |
|---|---|
| 04/04/2013 | Petition for a writ of certiorari filed. (Response due May 8, 2013) |
| 05/08/2013 | Brief of respondents Union de Empleados de Muelles de Puerto Rico PRSSA Welfare Plan, et al. in opposition filed. |
| 05/17/2013 | Reply of petitioner UBS Financial Services Incorporated of Puerto Rico, et al. filed. |
| 05/21/2013 | DISTRIBUTED for Conference of June 6, 2013. |
| 06/10/2013 | DISTRIBUTED for Conference of June 13, 2013. |
| 06/17/2013 | DISTRIBUTED for Conference of June 20, 2013. |
| 06/24/2013 | Petition GRANTED. |
| 07/24/2013 | The time to file the joint appendix and petitioners' brief on the merits is extended to and including September 6, 2013. |
| 08/21/2013 | Stipulation to dismiss the petition for a writ of certiorari pursuant to Rule 46 received. |
| 08/26/2013 | Petition Dismissed - Rule 46. |