In Re Maxxam, Inc./fed. Dev. Shareholders

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that claims arising from same transaction, though added after the running of the statute of limitations, related back to the original filing
• permitting intervention “as a means to cure the standing defect” even after the original plaintiff lost standing
• “A derivative claim belongs to the corporation, not to the shareholder plaintiff who brings the action. The shareholder plaintiff’s interest is limited to compelling the corporation (by ‘standing in its shoes’
• permitting intervention to cure a standing defect

Source: CourtListener parenthetical corpus (CC0).