Corporate – Derivative Suit – Civil Practice – Standing – Continuous Ownership – Merger (access required)

Estate of Stevenson v. Kavanaugh When a merger deprived plaintiffs of ownership of stock in Force Protection, Inc., plaintiffs lost standing to maintain this derivative action on behalf of Force Protection. This is true under the law of Nevada – the state in which Force Protection was incorporated – and would also be true if S.C. law applied.

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South Carolina Lawyers Weekly

Corporate – Derivative Suit – Civil Practice – Standing – Continuous Ownership – Merger

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