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Re: SeatonBM post# 16062

Tuesday, 06/11/2019 7:17:51 PM

Tuesday, June 11, 2019 7:17:51 PM

Post# of 24682
I am sorry but that is completely false. While I am not providing legal advice in this message.....Shareholders can file a lawsuit in Texas as minority shareholders of corporations but the lawsuit is restricted to derivative claims.........it’s where the shareholders sue on behalf of the Company. A lot of times the aim is to stop officers from damaging the entity further.

Officers and Directors and controlling persons can be sued individually in certain instances if intentional frauds and securities violations can be be proven were willful acts.

IM ONLY PROVIDING MY UNDERSTANDING AND THIS SHOULD NOT BE CONSTRUED AS LEGAL ADVICE. CONSULT YOUR ATTORNEY ON ANY CONTENT HEREIN!!!!!!!!!!




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