In Re Zoran Corp. Derivative Litigation

How courts have described this case

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

• finding that secret backdating inside a company cannot be reasonably detected, so the two-year statute of limitations does not apply
• finding that investors cannot detect secret backdating inside a company, so the two-year statute of limitations does not apply
• noting that a late-filed Form 4 is a “warning indicator of backdating”
• pleading specific facts about each individual defendants’ role in the options granting process, including statements from confidential witnesses
• dismissing a claim for rescission because “rescission is a form of remedy, not a claim under the law”
• finding demand excused based on backdating allegations buttressed in part by statistical analyses of Zoran’s options granting practices provided by an independent expert retained by plaintiffs

Source: CourtListener parenthetical corpus (CC0).