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 ...
Tagged with: derivative action
Read More »Anderson v. Seascape at Holden Plantation, LLC (Lawyers Weekly No. 15-07-0541, 32 pp.) (Lucy Inman, J.) (Robert Hunter Jr., J., concurring in the result only) Appealed from Brunswick County Superior Court (W. David Lee, J.) N.C. App. Holding: Since the ...
Tagged with: derivative action Homeowners' Association
Read More »Grasinger v. Williams (Lawyers Weekly No. 15-15-0110, 11 pp.) (Gregory McGuire, J.) 2015 NCBC 5 Holding: Two plaintiffs who each own 25 percent of a corporation’s shares are not “minority shareholders” to whom the two defendants – who also each ...
Tagged with: derivative action
Read More »McMillan v. Ryan Jackson Properties, LLC (Lawyers Weekly No. 14-07-0054, 18 pp.) (Robert C. Hunter, J.) Appealed from Guilford County Superior Court (Edgar B. Gregory, J.) N.C. App. Holding: Given that – at the summary judgment stage – plaintiffs could ...
Tagged with: derivative action
Read More »Sutton v. Sutton In the parties’ 2007 domestic proceeding, plaintiff surrendered to defendant any and all interest she had in the corporation that is the subject of this derivative action. Therefore, plaintiff lacks standing to bring this derivative action. Defendant’s motion to dismiss is granted. Defendant’s motion for costs pursuant to G.S. § 55-7-46 is also granted in the amount of 22,751.08.
Tagged with: Attorney’s Fees Civil Practice Corporate derivative action Domestic Relations res judicata standing
Read More »Smith v. Raymond. (Lawyers Weekly No. 10-15-0655, 4 pp.) (Albert Diaz, J.) N.C. Bus. Ct. Holding: A stipulation in a Delaware Chancery case is insufficient, by itself, to justify sealing plaintiff’s entire complaint. If the parties believe the complaint should ...
Tagged with: Civil Practice Corporate derivative action pleadings public records act
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North Carolina Lawyers Weekly
