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Court Revives Breach of Fiduciary Duty and Shareholder Oppression Claims against Lumber Executive Accused of Diverting Profits to Son’s Company

An Illinois Appellate Court recently revived a breach of fiduciary duty and shareholder oppression lawsuit filed by minority shareholders against the president, director, and majority shareholder of a lumber company. The suit accused the majority shareholder of diverting nearly a million dollars from the lumber company to a separate company…

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