Mealey's Securities/D&O Liability - Company Says Purported Shareholder Lacks Standing To Bring Suit On Its Behalf

Mealey's Securities/D&O Liability - Company Says Purported Shareholder Lacks Standing To Bring Suit On Its Behalf

LAS VEGAS - A company whose directors and officers are being sued by a purported shareholder on behalf of the company told a federal court in Nevada on Feb. 13 that the case should be dismissed because the purported shareholder has not shown that he owned stock in the company when the alleged wrongdoing was taking place (W.A. Sokolowski v. Sheldon G. Adelson, et al, No. 14-cv-00111, D. Nev.).

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