Controlling persons’ qualified privilege to influence corporate actions
By R. Stephen Scott & 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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