[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Position] [Recipient's Company] [Recipient's Address] [City, State, ZIP] Subject: Motion to Dismiss Shareholder Derivative Claims — South Dakota Law Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the motion to dismiss filed by our client, [Your Company], in relation to the shareholder derivative claims pending against us under South Dakota law. This letter aims to provide a detailed description of the motion and its legal grounds, as well as pertinent factual considerations. [Motion Type 1 — Legal Grounds] As per South Dakota law, a motion to dismiss shareholder derivative claims can be filed on various legal grounds. Our motion to dismiss is primarily grounded on the following legal principles: 1. Lack of Standing: We argue that the plaintiffs lack standing to bring the derivative claims as they fail to meet the necessary requirements, such as ownership of shares during the alleged wrongdoing and compliance with procedural prerequisites. 2. Failure to State a Claim: We contend that the plaintiffs' complaint fails to state a viable claim for relief. We have extensively reviewed the allegations made in the complaint and find them lacking in specificity, legal basis, or sufficient supporting facts. 3. Business Judgment Rule: South Dakota recognizes the business judgment rule, which provides directors with broad discretion when making business decisions on behalf of the company. We argue that our directors' actions, which allegedly form the basis for the claims, were well within the scope of their authority and protected by the business judgment rule. [Motion Type 2 — Factual Considerations] In addition to the aforementioned legal grounds, we also highlight certain factual considerations, which further support our motion to dismiss: 1. Lack of Evidence: We contend that the plaintiffs have failed to provide any substantive evidence to substantiate their allegations of wrongdoing. The mere presence of a conflict of interest or a disagreement over corporate decisions does not suffice to sustain a valid claim. 2. Independent Investigation: We have conducted an independent investigation into the allegations made against our directors and have found no evidence to support the plaintiffs' claims. Our investigation, including interviews and document review, indicates that our directors acted in the best interest of the company and its shareholders. 3. Prevalence of Good Governance Practices: We maintain that our company has adopted and adhered to robust corporate governance practices, which further protect our directors' actions from being deemed as improper or in breach of their fiduciary duties. In light of the aforementioned legal grounds and factual considerations, we believe that the motion to dismiss should be granted. We kindly request your prompt consideration of this matter and appreciate any efforts made to expedite the resolution of these claims. Should you require any additional information or need clarification on any aspect of this motion, please do not hesitate to contact me at [Your Phone Number] or via email at [Your Email Address]. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Title] [Your Company]
South Dakota Sample Letter regarding Motion to Dismiss on Shareholder Derivative Claims
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How to fill out Sample Letter Regarding Motion To Dismiss On Shareholder Derivative Claims?
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23A-3-34. Defendant's public record--Automatic removal of non-felony charges or convictions--Case record available to authorized personnel--Use as enhancement.
A motion for reconsideration is a prime opportunity to seek relief from a Court Order. A motion for reconsideration is an application to the Court requesting that the Court alter or amend a judgment or order, and it must be served no later than twenty (20) days after the order has been served on all parties.
South Dakota's Move Over law requires travelers to move over and/or slow down when a stopped vehicle is in use of amber, yellow, or blue warning lights. A violation of this law is a Class 2 misdemeanor, which is punishable by a minimum fine of $270.00 and/or 30 days in jail.
See SDCL 15-26A-3. A motion for reconsideration is not a separate and appealable order. Rather, it is ?an invitation to the court to consider exercising its inherent power to vacate or modify its own judgment.? Breeden v. , 598 NW2d 441, 444 ( 1999).
If the liability of one party to another has been determined by verdict or order or judgment, but the amount or extent of the liability remains to be determined by further proceedings, the party adjudged liable may make an offer of judgment, which shall have the same effect as an offer made before trial if it is served ...
