Date archive: April 2017

Corporate Directors Beware: A Shareholder Direct or Derivative Suit Might Be Around the Corner

Every corporate director needs to be aware of the potential for a shareholder derivative lawsuit or a shareholder direct lawsuit. In Missouri, a derivative action is a suit by the corporation conducted by shareholders as the corporation’s representatives. Nickell v. Shanahan, 439 S.W.3d 223, 227 (Mo. banc 2014). Derivative actions are aimed at rectifying injuries…

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