Swenson v. Thibaut

MARTIN (Robert M.), Judge.

This is an action by thirty-three minority shareholders of All American Assurance Company (hereinafter “All American”), brought derivatively in the name of All American against the named defendants who are past and present officers and directors of All American.

All American is a North Carolina corporation with its registered office in Charlotte, North Carolina, and executive offices in Baton Rouge, Louisiana. It was formed as a corporate entity by the merger of All American Assurance Company (a Louisiana corporation) into Pyramid Life Insurance Company, a North…