Tag Archives | standing

Non-Shareowner Standing to Sue in Corporate Elections

In Haah v. Kim, 2009 DJDAR 9071 (June 22, 2009), two individuals who entered into agreements to acquire shares were able to bring action seeking to invalidate an election of directors under California Corporations Code Section Section 709. The Court of Appeal took a broad interpretation of the term “shareholders.” California’s statute applies to foreign […]

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