Legal Question in Business Law in Indiana
When a publicly traded company is delisted because if fails to report to the SEC do the shareholders have any legal action. This particular company was not delisted because of bankruptcy.
Asked on 9/08/10, 8:46 pm
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
Any attorney will say, the shareholders' easy remedy is to vote in officers and directors who will follow SEC reporting requirements. These kinds of cases are highly fact dependent so you should consult an attorney in your area for specifics.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
Answered on 9/14/10, 9:49 am
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