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Source Shareholder Litigation Shareholder Litigation Matched to this deck.

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A shareholder wants to bring a derivative suit over director misconduct that occurred before the shareholder bought shares in an ordinary market purchase.
Which standing rule is most relevant?

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A derivative plaintiff can satisfy standing only by becoming a creditor. A derivative plaintiff must own every outstanding share. A derivative plaintiff generally must have been a shareholder at the time of the challenged transaction or have received shares by operation of law from someone who was. A derivative plaintiff must have been a corporate officer, not a shareholder.

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