In Re: Parametric Sound Corp. Shareholders' Litig. C/w 84971, 85358

Summary

The court affirmed judgment for the respondents because PAMTP failed to plead a direct shareholder claim, and its former-shareholder status left it without standing to pursue a derivative claim. The court reversed the award of costs incurred before PAMTP filed its complaint, while affirming the remaining costs award. It also reversed the denial of attorney fees under the offer-of-judgment rule and remanded for determination of the reasonable amount.