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Expert Analysis

Louisiana Weighs In On Double Derivative Action Debate

Law360, New York ( December 18, 2014, 12:28 PM EST) -- In a case of first impression in Louisiana, the state's Fourth Circuit Court of Appeal has recognized the procedural availability of the "double derivative" action, allowing minority members of a parent limited liability company to bring an action on behalf of a wholly owned subsidiary LLC of the parent LLC for wrongful acts against the subsidiary....

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