Is there any further development of a record for the purposes of dismissing a motion brought by a plaintiff against a director of a private equity company?
MultiRegion, United States of America
The following excerpt is from Weisberg v. Coastal States Gas Corp., 609 F.2d 650 (2nd Cir. 1979):
5 Since we conclude only that the trial court should not have dismissed plaintiff's complaint without further development of a record, we need not consider whether any of the claims against individual directors are now moot. See Maldonado v. Flynn, supra, 597 F.2d at 797 n. 10.
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