“We agree that Ambac’s bankruptcy filing, by operation of law, divested [the stockholder-plaintiff] of standing to pursue Ambac’s claims derivatively, unless and until [the stockholder-plaintiff] is authorized to do so by the Bankruptcy Court.”
Robert Lenois v. Kase Lukman Lawal
“We agree that Ambac’s bankruptcy filing, by operation of law, divested [the stockholder- plaintiff] of standing to pursue Ambac’s claims derivatively, unless and until [the stockholder- plaintiff] is authorized to do so by the Bankruptcy Court.” (footnote omitted)
Lenois v. Lawal