Connecticut Sample Letter regarding Motion to Dismiss on Shareholder Derivative Claims

State:
Multi-State
Control #:
US-0934LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Motion to Dismiss on Shareholder Derivative Claims Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to you as a concerned shareholder of [Company Name] and hereby submitting a Motion to Dismiss on the pending shareholder derivative claims against the company, pursuant to Connecticut state laws. As a resident of Connecticut and a shareholder, it is imperative to address the claims made against [Company Name] in a fair and lawful manner. I firmly believe that the allegations brought forth are baseless and lack sufficient evidence to proceed with further legal action. Connecticut, also known as "The Constitution State," is renowned for its commitment to justice, fairness, and upholding the rights of its residents. According to Connecticut General Statutes [cite relevant statute], the shareholders of a corporation have the right to bring a derivative suit on behalf of the company if they can prove that the board of directors or the management team has committed acts of fraud, mismanagement, or breached their fiduciary duties. However, upon thorough evaluation of the claims made against [Company Name], it is evident that they lack substance and fail to meet the legal criteria for a shareholder derivative suit under Connecticut law. The claims made are merely speculative, lacking concrete evidence, and fail to establish a breach of fiduciary duty or any illegal acts committed by the board or management. In light of the aforementioned, I kindly request that you consider this Motion to Dismiss regarding the shareholder derivative claims against [Company Name]. By dismissing these baseless claims, it would prevent unnecessary expenditure, mitigate reputational damage, and ensure that the company can focus its resources on creating value for its shareholders. Should you require any further information, documentation, or legal opinions to support this Motion to Dismiss, please do not hesitate to reach out to me. I am more than willing to provide any necessary evidence or witness testimonies to support my argument for the immediate dismissal of these claims. Thank you for your time and consideration. I trust that you will objectively assess this Motion to Dismiss and come to a fair and just conclusion. I eagerly await your response, and I am hopeful that you will swiftly resolve this matter in favor of justice and the best interests of the shareholders. Sincerely, [Your Name] [Shareholder of [Company Name]] [Address] [City, State, ZIP] [Email Address] [Phone Number]

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FAQ

The motion to dismiss is a defendant's request that the case be thrown out, usually because of a deficiency in the complaint or the way the complaint was served on the defendant. Failure to state a claim is the most common grounds for dismissal. A judge can dismiss a claim with or without prejudice.

Rule 8.4(7) defines ?professional misconduct? by a Connecticut attorney as including speech that the lawyer knows or reasonably should know ?is harassment or discrimination on the basis of? any of 15 listed characteristics?among them race, sex, religion, disability, sexual orientation, and gender identity.

These grounds can include, but are not limited to: forum non conveniens, meaning it is more appropriate for another court to hear the case; prior pending action, meaning a case between the parties on the same matter is already happening; or in a medical malpractice case the Certificate of Good Faith not being properly ...

Rule 7.1. A communication is false or misleading if it contains a material misrepresentation of fact or law, or omits a fact necessary to make the statement considered as a whole not materially misleading.

Rule 4.2 of the Rules of Professional Conduct provides that ?[i]n representing a client, a lawyer shall not communicate about the subject of the representation with a party the lawyer knows to be represented by another lawyer in the matter, unless the lawyer has the consent of the other lawyer or is authorized by law ...

Motions for orders of compliance (or motions to compel, as they are frequently called) are governed by Section 13-14 of the Connecticut Practice Book. As in many jurisdictions, judges in Connecticut generally prefer that parties and their counsel resolve discovery disputes without the need for judicial intervention.

Although it is prohibited to mix lawyer funds with client funds, Rule 1.15 of the Connecticut Rules of Professional Conduct permits a lawyer's own funds to be placed in a trust account for the sole purposes of paying financial institution service charges on the account or to obtain a waiver of fees and service charges ...

More info

In this overview, we will discuss the grounds, or reasons, and general procedures for filing a Motion to Dismiss in a Connecticut civil lawsuit. This 2023 edition of the Practice Book contains amendments to the. Rules of Professional Conduct, the Superior Court Rules and the Rules of Appellate Procedure.The parties submitting the proposed dismissal or settlement must file: (A) a further affidavit from each derivative plaintiff that meets the requirements of ... May 14, 2018 — A plaintiff may only initiate a derivative action once the corporation has either (i) refused a demand to bring suit; or (ii) ignored the demand ... The plaintiff, a son of the corporation's late founder and a minority shareholder, has brought direct and derivative claims against three of the other four ... that must be applied to a motion to dismiss a derivative claim based on the recommendation of a Special. Litigation Committee (“SLC” or a “Zapata Committee ... On January 10, 2020, the Court granted the parties' stipulation and stayed proceedings in the Derivative Action until the resolution of a motion to dismiss in a ... ACCORDINGLY, THERE IS NO PROOF OF CLAIM FORM FOR STOCKHOLDERS TO SUBMIT IN CONNECTION WITH THIS SETTLEMENT. WHAT IS THE PURPOSE OF THIS NOTICE? 1. The ... May 6, 2020 — Consider the following scenario: shareholders commenced a derivative lawsuit on behalf of a corporation and, in their initial pleading, ... A derivative action may be settled, voluntarily dismissed, or compromised only with the court's approval. Notice of a proposed settlement, voluntary dismissal, ...

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Connecticut Sample Letter regarding Motion to Dismiss on Shareholder Derivative Claims