Faulty Demand Letter Dooms Investor Suit V. Lancer
By Brendan Pierson ( May 26, 2009, 12:00 AM EDT) -- The Texas Supreme Court has ruled that a derivative shareholder suit against beverage dispenser maker Lancer Corp.'s former directors must be dismissed because the demand letter presented to the company's board didn't identify a specific shareholder and didn't make a demand with particularity....
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