Arkansas Stockholder derivative actions
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How to fill out Stockholder Derivative Actions?
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The court may exclude relevant evidence if its probative value is substantially outweighed by a danger of one or more of the following: unfair prejudice, confusing the issues, misleading the jury, undue delay, wasting time, or needlessly presenting cumulative evidence.
Rule 8.1, "Prompt First Appearance," provides that "an arrested person who is not released by citation or by other lawful manner shall be taken before a judicial officer without unnecessary delay."z7 At the first appearance, the judicial officer must inform the defendant that: (1) he is not required to say anything, ...
A shareholder (stockholder) derivative suit is a lawsuit brought by a shareholder or group of shareholders on behalf of the corporation against the corporation's directors, officers, or other third parties who breach their duties. The claim of the suit is not personal but belongs to the corporation.
A derivative action may be settled, voluntarily dismissed, or compromised only with the court's approval. Notice of a proposed settlement, voluntary dismissal, or compromise must be given to shareholders or members in the manner that the court orders.
Rule 615. Exclusion of witnesses. -- At the request of a party the court shall order witnesses excluded so that they cannot hear the testimony of other witnesses, and it may make the order of its own motion.
