No. 21-1236

In Re Kyko Global Inc., et al.

Lower Court: N/A
Docketed: 2022-03-10
Status: Denied
Type: Paid
Response Waived
Tags: breach-of-fiduciary-duty california-law choice-of-law conflict-of-laws corporate-director corporate-law fiduciary-duty internal-affairs-doctrine panel-discretion pennsylvania-law
Key Terms:
ERISA
Latest Conference: 2022-04-29
Question Presented (AI Summary)

whether the Panel abused its discretion and improperly created a new legal rule to evaluate Petitioners' breach-of-fiduciary-duty claims

Question Presented (from Petition)

QUESTION PRESENTED Petitioners Kyko Global Inc. and Kyko Global GmbH assert breach of fiduciary duty claims against Respondent Omkar Bhongir in his capacity as a corporate director under Pennsylvania law. Relying upon the government interest choice-of-law analysis set forth in Nelson v. International Paint Co., 716 F.2d 640 (9th Cir. 1983), the Panel affirmed the application of California law to dismiss these claims. Petitioners assert that the application of Nelson has no basis in law and that the application of Pennsylvania law is required under the internal affairs doctrine pursuant to Davis & Cox v. Summa Corp., 751 F.2d 1507, 1527 (9th Cir. 1985), superseded on other grounds and Cal. Corp. Code § 2116. Without explanation, the Panel has refused to apply these authorities. The question presented for review is whether the Panel abused its discretion and improperly created a new legal rule to evaluate Petitioners’ breach of fiduciary duty claims when it applied Nelson — and failed to apply Davis and Cal. Corp. Code § 2116 — to hold the California law, instead of Pennsylvania law, applies to the breach of fiduciary duty claims.

Docket Entries

2022-05-02
Petition DENIED.
2022-04-13
DISTRIBUTED for Conference of 4/29/2022.
2022-04-01
Waiver of right of respondent Omkar Bhongir to respond filed.
2022-03-07
Petition for a writ of mandamus filed. (Response due April 11, 2022)

Attorneys

Kyko Global Inc., et al.
Jayson Matthew MacydaKyko Global Inc. and Affiliates, Petitioner
Jayson Matthew MacydaKyko Global Inc. and Affiliates, Petitioner
Omkar Bhongir
Laura Ann LangeLaura Lange, Respondent
Laura Ann LangeLaura Lange, Respondent