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Home / Opinion Digests / Corporate – Derivative Action – Written Demand (access required)

Corporate – Derivative Action – Written Demand (access required)

A Richmond Circuit Court sustains a demurrer to the shareholder derivative suit filed by one of two brothers who operate a closely held family corporation called Greendale Railing Company because, among other reasons, plaintiff has failed to allege a prior written demand to the corporation as required under Va. Code § 13.1-672.1. This case concerns a ...