United States: Judge Rules Beneficial Owner Of Shares Lacks Standing To Bring Direct Claims Against Corporation And Its CEO - Allen Matkins Leck Gamble Mallory & Natsis LLP
The plaintiffs in Chan v. ArcSOFT, Inc., 2023 WL 2788585, believed that they had been misled in a buyout of their shares and so they sued the company and its Chief Executive officer.
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