Directors And Officers Say Former Shareholder Has No Standing To Bring Suit

Directors And Officers Say Former Shareholder Has No Standing To Bring Suit

WILMINGTON, Del. - Certain of a company's directors and officers told a federal court in Delaware on Jan. 16 that because the company has gone private, a now-former shareholder no longer has standing to bring a derivative lawsuit on behalf of the company (Philip Halpert, derivatively on behalf of AsiaInfo-Linkage, Inc. v. Steve Zhang, et al., No. 12-cv-1339, D. Del.).

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