Katelyn Gray just sued Satya Nadella, other directors and officers of Microsoft, and Microsoft in the 3rd copyright shareholder derivative lawsuit the company has faced, all in the Western District of Washington.
The new theory of “copyright shareholder derivative” lawsuit is spreading. I’ve coined this term to describe shareholder derivative lawsuits under securities law that are based on the allegation that the directors and officers (D&O) approved copyright infringement, exposed the company to substantial risk of copyright liability, or made material misrepresentations about such conduct to conceal or minimize that risk.
This case is likely to be consolidated with the two already consolidated cases (Anderseon and Vladimir Gusinsky) in In Re Microsoft Corporation Stockholder Derivative Litigation before Judge Rothstein.
Excerpt:
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