3rd Circ. Clarifies Review Standard For Derivative Suits

By P.J. D'Annunzio (May 3, 2024, 6:06 PM EDT) -- In a precedential ruling Friday declining to revive Cognizant Technology investors' derivative claims over a bribery scandal, the full Third Circuit held that the best way to review such cases on appeal was from the beginning, not giving deference to the lower court's decision or considering whether there was an abuse of discretion....

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