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Opinion Digest

Corporate – Shareholders’ Derivative Action – Demand Futility – Insufficient Showing – Outside Directors (access required)

In re World Acceptance Corp. Derivative Litigation (Lawyers Weekly No. 002-080-17, 27 pp.) (Mary Geiger Lewis, J.) 6:15-cv-02796; D.S.C. Holding: An independent auditor approved the nominal defendant-corporation’s accounting practices, and plaintiff-shareholders have failed to allege specific facts to support their ...

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