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Mergers & Acquisitions

Feb. 16, 2008

Justices Limit Shareholder Derivative Lawsuits

SAN FRANCISCO - The California Supreme Court just made it tougher for plaintiffs' attorneys to bring shareholder derivative lawsuits against corporate officers accused of wrongdoing.

By Laura Ernde
Daily Journal Staff Writer
This article appears on Page 1.

      SAN FRANCISCO - The California Supreme Court just made it tougher for plaintiffs' attorneys to bring shareholder derivative lawsuits against corporate officers accused of wrongdoing.
      The high court said Thursday that shareholders who divest themselves of stock in a company, even involuntarily through a mer...

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