California Supreme Court Watch

#26-18 Li v. Arcsoft, Inc., S294190. (9th Cir. Nos. 24-2531, 24-2964; 160 F.4th 1063; Northern District of California; D.C. No. 4:19-cv-05836-JSW.) Request under California Rules of Court, rule 8.548, that this court decide a question of California law presented in a matter pending in the United States Court of Appeals for the Ninth Circuit. The question presented is: Do the appraisal requirements of California Corporations Code section 1312, subdivision (a) and Steinberg v. Amplica, Inc. (1986) 42 Cal.3d 1198 preclude a shareholder from seeking buyout-related damages when the facts leading to the shareholder’s cause of action were not known until after the buyout was consummated?

Request for certification granted: 2/11/2026

See the Certification Order.

In the news: Varona, 9th Circ. Asks Calif. High Court For Ruling In Buyout Dispute, Law360 (Dec. 3, 2025).