The plaintiff recognized that the rule of Foss v. Harbottle (1843), 2 Hare 461, 67 E.R. 189 permits only the company, not individual shareholders to sue for wrongs done to the company. The plaintiff candidly provided a number of leading authorities on this issue. While these authorities concede that a shareholder may still sustain an action, it must be for a wrong done to him or her as an individual, not as a shareholder.
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