Corporate – Shareholder Derivative Suit – Individual Claims – 50-50 Ownership
LeCann v. Cobham Where each individual party owns 50 percent of the shares in the defendant-limited liability companies and dental practices, and each party alleges that the other owes her “a duty of care, good faith, loyalty, fair dealing, full disclosure, avoidance of self-dealing” with respect to these entities, there is a genuine issue of material fact as to whether plaintiff has valid individual claims against the individual defendant.
The court denies defendant’s motion for summary judgment on plaintiff’s claims against defendant individually. The court also denies defendant’s motion for summary judgment based on her argument that plaintiff failed to make sufficient demand before filing shareholder’s derivative claims.
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Published: August 26, 2011
Time posted: 11:01 am
Tags: 50-50 Ownership, Corporate, Individual Claims, Shareholder Derivative Suit







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