Does a shareholder have standing to sue a corporation for damages?
MultiRegion, United States of America
The following excerpt is from Steinberger v. Jack Lefkowitz, Bluma Lefkowitz, Maskil El-Dal, Inc., 15-1365 (2nd Cir. 2015):
shareholderdoes not have standing to assert claims alleging wrongs to the corporation."); accord Serino v. Lipper, 123 A.D.3d 34, 39 (1st Dep't 2014) ("It is black letter law that a stockholder has no individual cause of action against a person or entity that has injured the corporation.").
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