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Delaware Supreme Court confirms that fraud exception to continuous ownership rule is very narrow

On October 22, 2013 by Schnader in Finance

By Patrick M. Horan Under Delaware’s continuous ownership rule, in order to bring and maintain a derivative action, a shareholder “must not only be a stockholder at the time of the alleged wrong and at the time of commencement of suit but … must also maintain stockholder status throughout the litigation.”  […]

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