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Home / Opinion Digests / Corporate / Corporate – Direct & Derivative Actions – 30-Percent Shareholder – Corporate Funds & Intellectual Property (access required)

Corporate – Direct & Derivative Actions – 30-Percent Shareholder – Corporate Funds & Intellectual Property (access required)

Gao v. Sinova Specialties, Inc. (Lawyers Weekly No. 020-008-17, 29 pp.) (Michael Robinson, J.) 2016 NCBC 103 Holding: Plaintiff, a 30-percent shareholder of nominal defendant Sinova Specialties, Inc. (Sinova US), alleges that Sinova US’s other shareholder/directors dominate and control the board of directors such that any recovery in a derivative action would be under the control ...

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