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What is Kaufman v. Jeffords: Shareholder Injunction Denied about?

Albert Kaufman, a shareholder of Equity Corporation, sued to enjoin a shareholder vote alleging violations of fiduciary obligations and the Investment Company Act related to a transfer of control of Equity. The district court denied a temporary injunction finding no irreparable harm. The appellate court affirmed, agreeing the shareholder meeting was properly called and there was no clear violation or transfer of control demonstrated to require preemptive action before a full trial. It advised an early trial

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Scribd Government Docs

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