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Source Shareholder Litigation Complete Business Associations List Matched to this deck.

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0 tracked cards Business Associations

A shareholder brings a derivative suit but states that the only purpose is to pressure the corporation into buying the shareholder's stock at a premium.
Which derivative-suit requirement is most directly implicated?

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Adequacy is irrelevant in all derivative suits. A derivative plaintiff must be hostile to every other shareholder. Adequacy requires the plaintiff to be a director. A derivative plaintiff must fairly and adequately represent the interests of the corporation.

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