LOUISIANA MUNICIPAL POLICE EMPLOYEES' RETIREMENT SYSTEM; Boilermakers Lodge No. 154 Retirement Fund; Maryanne Solak; Excavators Union Local 731 Welfare Fund, Plaintiffs-Appellants,
v.
Stephen A. WYNN; Linda Chen; Russell Goldsmith; Ray R. Irani; John A. Moran; Robert J. Miller; Marc D. Schorr; Alvin V. Shoemaker; D. Boone Wayson; Allan Zeman; Elaine P. Wynn; Wynn Resorts Limited, Defendants-Appellees.
United States Court of Appeals, Ninth Circuit.https://leagle.com/images/logo.png
Argued and Submitted May 12, 2016 — San Francisco, California.
John T. Jasnoch , Scott + Scott Attorneys at Law LLP, San Diego, California, for Plaintiff-Appellant Louisiana Municipal Police Employees' Retirement System.
Geoffrey M. Johnson , Scott + Scott Attorneys at Law LLP, Cleveland Heights, Ohio, for Plaintiff-Appellant Louisiana Municipal Police Employees' Retirement System.
John P. Aldrich , Aldrich Law Firm Ltd, Las Vegas, Nevada, for Plaintiffs-Appellants.
Before: Jerome Farris, Diarmuid F. O'Scannlain, and Morgan Christen, Circuit Judges.
OPINION
O'SCANNLAIN, Circuit Judge:
We must decide whether shareholders may pursue a derivative lawsuit against a corporation's board of directors despite their failure to demand that the board initiate this litigation itself.
I
This is a shareholder derivative suit. The plaintiffs are shareholders of Wynn Resorts, Limited...
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