Shareholder Derivative Litigation

Securities Class Actions


University of San Diego School of Law (J.D. 2004)

University of California, Santa Barbara (B.A. 2001)

Bar Admissions


Court Admissions

U.S. District Courts for the Northern, Central, and Southern Districts of California

U.S. District Court for the District of Colorado

U.S. Courts of Appeals for the First, Second, and Ninth Circuits


Super Lawyer Rising Star (2015)


Phone: (619) 398-4318

E-mail: ssanders@robbinsarroyo.com

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Shane P. Sanders


Shane P. Sanders concentrates his practice on shareholder rights litigation.  Since joining the firm in 2005, Mr. Sanders has represented individual and institutional investors in shareholder derivative actions, securities class actions, and mergers and acquisitions cases.  He has been particularly active on teams litigating cases involving stock option backdating.

Mr. Sanders has helped prosecute shareholder derivative actions that secured millions in cash contributions to companies from fraudulent corporate officers and the implementation of extensive governance reforms designed to prevent the recurrence of wrongdoing in the future.  In so doing, Mr. Sanders has successfully opposed numerous dispositive motions, including motions based on demand futility.  For example, in In re Ligand Pharmaceuticals, Inc. Derivative Litigation, No. GIC834255 (Cal. Super. Ct.-San Diego Oct. 12, 2006), after supporting a team that persuaded the court that demand on a board of directors was futile and that defeated all of defendants’ other motions, Mr. Sanders helped obtain a $14 million payment to the corporation and significant corporate governance improvements for the company.  In In re Vitesse Semiconductor Corporation, No. Civ240483 (Cal. Sup. Ct.-Ventura County Oct. 17, 2008), a stock options backdating case, Mr. Sanders was part of a team that achieved the return of more than $13 million from company insiders and valuable corporate governance improvements.

Mr. Sanders earned his Juris Doctor degree at the University of San Diego School of Law.  During law school, he served as a law clerk at the San Diego County Public Defender’s Office.  He also participated in USD’s Thorsnes Closing Argument Competition and Senior Honors Moot Court Competition.  Mr. Sanders received his Bachelor of Arts degree in Sociology at the University of California, Santa Barbara. He was a member of UCSB’s Division I track and field team, specializing in the 400-meter dash.