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Expert Analysis

Fla. Sets Strict Standard For Direct Shareholder Claims

Law360, New York ( July 23, 2014, 1:28 PM EDT) -- Florida recently clarified the limited circumstances in which a corporate shareholder or limited liability company member has standing to bring a direct claim for damages relating to the company. On July 9, in Dinuro Investments LLC v. Camacho, the Third District Court of Appeal affirmed the dismissal of an LLC member's direct claims against the other LLC members and managers. The opinion has far-reaching implications and clarifies an issue of standing that has become more and more unsettled since the seminal 1978 case, Alario v. Miller, 354 So. 2d 925 (Fla. 2d DCA 1978)....

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