In Re Openwave Systems Inc. Shareholder Derivative Litigation

How courts have described this case

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

• noting that one would expect some percentage of option grants to be priced at the lowest or near lowest price of any given month based on general probabilities
• granting a motion to dismiss for failure to make demand for claims alleging violations based on purported stock option backdating for similar deficiencies in the pleadings
• timely filing of Form 4 “diminish[es] the ability to infer backdating from the allegations of plaintiffs’ Complaint”

Source: CourtListener parenthetical corpus (CC0).