Directors And Officers Ask Court To Dismiss Suit On Jurisdictional Grounds

Directors And Officers Ask Court To Dismiss Suit On Jurisdictional Grounds

DENVER - Certain of a company's directors and officers told a Colorado federal court on Nov. 15 that the court lacks jurisdiction over a shareholder derivative lawsuit because the shareholder has failed, among other things, to prove that there is diversity of citizenship between the parties (Yidam, Ltd. v. Anil Diwan, et al., No. 13-cv-01777, D. Colo.).

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