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Corporate – Derivative Action – Civil Practice – Standing – Demand & Verification – Stock Redemption Agreement – Corporate Benefits Diversion (access required)

Hilco Transport, Inc. v. Atkins (Lawyers Weekly No. 002-008-16, 25 pp.) (James Gale, C.J.) 2016 NCBC 6 Holding: A “demand” made on a corporation’s outside counsel – with no showing that outside counsel was authorized to accept or reject a demand on behalf of the corporation – did not constitute a proper demand on the corporation. ...

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