Business Law

Owner of Closely Held Corporation Must Use Derivative Action to Sue Director

, The Legal Intelligencer

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Hill's attorney, Kevin Quinn of Hourigan, Kluger & Quinn in Kingston, Pa., said he was pleased with the decision to allow the plaintiff to amend the complaint.

"We respectfully continue to maintain that Hill, the only person being pursued for a defaulted [small business association] loan, has continued to suffer personal harms and we do believe that entitles him to pursue claims personally," Quinn said. "We live to fight another day and we're pleased the Superior Court has given us that opportunity."

Max Mitchell can be contacted at 215-557-2354 or mmitchell@alm.com. Follow him on Twitter @MMitchellTLI.

 

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