$300M Asset Suit Tossed In NC Over Demand Futility Failure
By Sydney Price ( October 14, 2025, 10:56 PM EDT) -- A North Carolina business court judge has dismissed a lawsuit from shareholders alleging leaders of an investment fund allowed an exchange of more than $300 million in diversified assets for "worthless" illiquid equity, finding the complaint did not allege either a material benefit or a substantial likelihood of liability as to the adviser....
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