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Home / Opinion Digests / Corporate – Derivative Suit – Surety Claim – Standing (access required)

Corporate – Derivative Suit – Surety Claim – Standing (access required)

Because injuries allegedly suffered by defendants who signed a surety agreement covering loans made to their corporate entity, were suffered directly by the corporation, and only derivatively, if at all, by defendants, they cannot bring counterclaims for damage to an LLC, in their personal capacities or by virtue of their ownership of shares in a ...

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