Has the Game Changed for NJ Shareholders Starting a Derivative Action?
A recent published decision of the Appellate Division may make it more difficult for a shareholder to assert a derivative action against a New Jersey corporation.
June 14, 2018 at 09:00 AM
1 minute read
The Statutory Right to Inspect Corporations' Books See, e.g., King v. Verifone Holdings Feuer v. Merck & Co. Feuer Feuer 'Feuer' Holds the Statutory Right to Inspect Is Limited Id. Id. Id. Id. Id. Id. Id. Does N.J.S.A. 14A:5-28 Abrogate the Common Law Right to Inspect Books and Records? Id. Id. Id. Id. id. Id. Id. Recent Statutory Amendment Also Makes It Harder to Assert a Derivative Action Frederick W. Alworth and Jonathan S. Liss are directors in the Commercial & Criminal Litigation Department of Gibbons P.C. in Newark.
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