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Home / Opinion Digests / Attorneys – Sanctions – Indemnification (access required)

Attorneys – Sanctions – Indemnification (access required)

In this litigation arising from a corporate transaction, a Charlottesville Circuit Court denies a motion for sanctions under Va. Code § 8.01-271.1; because the case never went to trial, the court could not determine conclusively whether the entire transaction was fraudulent or a proper exercise of discretion by the board of directors under the business ...