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Tag Archives: Bill A-3123

New Law Limits Viability of Shareholder Derivative Suits in New Jersey

New Law Significantly Limits Viability of Certain Shareholder Derivative Suits in New Jersey On April 2nd, New Jersey Governor Chris Christie signed bill A-3123 into law and in doing so, significantly revised the law in New Jersey regarding shareholder derivative proceedings under N.J.S.A. §14A:3-6, etseq. The stated purpose of the new law is to temper…
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