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Section Newsletter Articles From Mark D. Thielen

Controlling persons’ qualified privilege to influence corporate actions By R. Stephen Scott and Mark D. Thielen Corporate Law Departments, November 2004 In its recently published opinion in IOS Capital, Inc. v. Phoenix Printing, Inc., d/b/a Colortech Printing, et al.,1 ("IOS" hereafter), the Fourth District Appellate Court of Illinois reaffirmed Illinois' common law rule allowing a controlling shareholder/director the qualified privilege to influence corporate actions.

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