Amarin Corp Plc (AMRN)

[Bouf]

M—look at JNC COMPANIES, 996 F.2d 1225, an unpublished 9th Circuit decision. It deals with claim preclusion, which is the flip side of the coin from R60 standing via privity.

It makes it quite clear the there is privity in the corporate context only where the relationship between the shareholder and the Corp. is extremely close, such as a sole shareholder or majority shareholder. We have nothing close to that here. As far as I can tell, the rule described in JNC is pretty well recognized in most courts.

B