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Expert Analysis

Shareholder Takeaways From NY Internal Affairs Doctrine Suit

By Douglas Hirsch and James Ancone ( June 24, 2025, 5:25 PM EDT) -- In an important ruling for shareholders, directors and officers of foreign corporations, the Court of Appeals of the State of New York in Ezrasons Inc. v. Rudd held on May 20 that the beneficial owner of shares of Barclays PLC — a bank holding company incorporated under the laws of England and Wales — lacked standing to file derivative claims against Barclays directors and officers in New York court....

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