Haro v. Ibarra

Opinion

CHANEY, J.

We address in this opinion two issues. The first is the sufficiency of the allegations in a complaint to survive demurrer. Second, we address whether equitable considerations might warrant an exception to the requirement that a shareholder maintain continuous ownership of stock in order to maintain standing to bring a shareholder derivative action. We will hold that the allegations here were sufficient to survive the demurrers and that equitable considerations bear upon shareholder standing.

Plaintiffs and appellants, Carlos Haro, Carlos Meza, Marcos Lemor, Antonio Alarcon,…