Andrews Corporate Officers and Directors Liability Litigation Reporter
December 2, 2002
Copyright (c) 2002 Andrews Publications
CALIF. PANEL: COMPANY MUST HAVE SEPARATE COUNSEL IN DIRECTOR FRAUD CASE
Electro K Inc. v. Karpeles
A California appellate court has refused to overturn a ruling that barred a law firm from representing Electro K Inc. and its sole officer and director in a shareholder suit that claimed he and two other principals looted the company. The panel found...