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CALIFORNIA CORPORATE & SECURITIES LAW

Court Of Appeal Holds LLC’s Former Counsel May Represent Insider Defendants In Derivative Suit

Derivative actions can be somewhat confusing.  Although the entity is essentially the plaintiff, it is named as a defendant.  Initially, one might question why must the corporation be named as a party?  I can think of at least two reasons.  First, the litigation involves the rights of the entity directly.  Second, including the entity as a party…

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