Nevada Supreme Court
In Re: Parametric Sound Corp. Shareholders' Litig. C/w 84971, 85358
June 6, 2024140 Nev. Adv. Op. No. 36
Summary
The court affirmed judgment for respondents because PAMTP failed to plead a direct shareholder claim, and its alleged dilution injury was not independent of harm to the corporation. The court partially reversed the costs award because respondents could not recover costs incurred before PAMTP filed its separate complaint. It also reversed the denial of attorney fees because PAMTP did not obtain a judgment more favorable than the qualifying offer of judgment and remanded for determination of the reasonable fee amount.