North Carolina, March 13, 2006, Case law by lexisONE(R)

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State Courts - North Carolina - March 13, 2006

Egelhof v. Szulik, FILE NO. 04 CVS 11746, NORTH CAROLINA SUPERIOR COURT, WAKE COUNTY, March 13, 2006, Decided
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Overview: Trial court granted the company officials' motion to dismiss the claimant's amended complaint alleging shareholder derivative claims, as the amended complaint did not establish demand futility under the applicable Delaware law, and because the claimant was no longer a shareholder, which meant that he lacked standing to pursue his claims.

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