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Defending a Co-op Against Derivative Claims: A Look Back to ‘Auerbach’

Shareholder litigation commenced against boards of cooperative corporations is often brought both individually and derivatively on behalf of the corporation for good reason. The Business Corporation Law (BCL) broadly provides that a shareholder who is successful, in whole or in part, or who receives anything as a result of a…

Bad Faith: Plaintiff Lawyer, Client Found to Obstruct Justice

A judge dismissed the plaintiff’s case in a long-standing legal feud with one of Palm Beach County’s most prominent real estate developers, finding the Boca Raton attorney involved acted in bad faith. Discovery violations, misleading defense counsel, lying to the judge, and illegally recording the defendant were among some of…

Winstead Founding Shareholder Pete Winstead Dies at Age 84

Winstead Founding Shareholder Pete Winstead Dies at Age 84 | Texas Lawyer Page Printed From: https://www.law.com/texaslawyer/2024/08/09/winstead-founding-shareholder-pete-winstead-dies-at-age-84/ Firm founder Pete Winstead of Winstead PC NEWS Pete Winstead, a tax lawyer who helped found the firm in Dallas nearly 50 years ago, moved to Austin in 1987 to open an office there.…

Mexico Case Against US Gunmakers Faces Setback

A U.S. judge has dismissed claims against six gunmakers sued by the government of Mexico, calling the manufacturers’ connection to the state of Massachusetts “gossamer-thin at best.” Two defendants remain in the case: Smith & Wesson Brands, which announced plans in 2021 to relocate from Massachusetts to Tennessee; and Boston-area…