Database Case: Henan Industrial Company v. Bank Corporation
A former shareholder with preliminary evidence of harm during its holding period should not be turned away on standing grounds alone. After acceptance, however, the court must still substantively examine whether the evidence proves impairment and whether the inspection or profit-distribution claims should succeed.
Holding
A former shareholder with preliminary evidence of harm during its holding period should not be turned away on standing grounds alone. After acceptance, however, the court must still substantively examine whether the evidence proves impairment and whether the inspection or profit-distribution claims should succeed.
Issues
limited standing of former shareholderspreliminary proof of rights impairmentsubstantive review