Corporate – Tort/Negligence – Fraud — Investor – Individual Lawsuit – Derivative Shareholder Claim
Rivers v. Wachovia Corp. An investor who suffered losses in 2007 when his 100,000 shares of Wachovia stock plunged from $56.65 per share price to below $1 cannot bring an individual suit based on defendant corporate officers’ alleged fraud about Wachovia’s financial health; the 4th Circuit says the investor does not qualify for any exception to the general rule that plaintiff must use a derivative shareholder claim for injuries to the corporation.
Login required
You have clicked on a link to
information that is | ||
Already a paid subscriber but not registered for online access yet? For instructions on how to get premium web access, click here. |
||
Interested in Subscribing?
Start by choosing how you'd like your news delivered.
![]() - Print and Digital - | ![]() - Digital Only - |
![]() Try North Carolina Lawyers Weekly for a month |
Published: December 27, 2011
Time posted: 4:02 pm
Tags: Corporate, Derivative Shareholder Claim, Fraud, Individual Lawsuit, Investor, Tort/Negligence






![[Print]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[Facebook]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
![[Twitter]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/twitter.png)



