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Corporate — Individual Shareholder – Embezzling Officer – Derivative Action

Raymond James Capital Partners, L.P. v. Hayes (Lawyers Weekly No. 011-259-16, 14 pp.) (Ann Marie Calabria, J.) Appealed from Caldwell County Superior Court (Robert Ervin, J.) N.C. App. Holding: Where the plaintiff-shareholder alleges that the defendant-corporate officer breached her duties to the corporation by embezzling corporate funds and that plaintiff’s share price was thereby reduced when ...

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