LEGAL UPDATES

Shareholder Derivative Action:  Counterclaims Dismissed

Plaintiff in a real estate venture sued for an injunction, an accounting, and damages arising from allegations of waste and mismanagement. Defendant counterclaimed for diversion of corporate opportunity.

Partner Bill O'Mahony litigated the case for the Plaintiff. He made a motion to dismiss the counterclaims and succeeding in obtaining their dismissal on behalf of the client.