Keith Bishop discusses the Nevada Supreme Court’s ruling in James J. Cotter v. Edward Kane, et al. and Reading International, Inc., No. 75053, opinion (Nev. Oct. 1, 2020), that a nominal defendant corporation cannot challenge claim asserted in a derivative action, but may challenge a stockholder plaintiff’s standing to bring such an action, and the Court’s adoption an eight-factor test applied by the Ninth Circuit to determine whether stockholder plaintiff is an adequate representative, in Nevada Supreme Court Finds California Precedent “Persuasive” In Appeal Of Derivative Action.