Georgia Law Review Argues Robbins Umeda* Was Right About Shareholder Inspection Rights in SunTrust Case
University of Georgia School of Law published in its Spring 2012 Georgia Law Reviewan article about a shareholder derivative action involving SunTrust Banks, Inc. in which Robbins Umeda LLP served as counsel. The article, Skimming from the 2%: The Status of Georgia’s Restrictions on Shareholder Access to Corporate Information, argues that Robbins Umeda LLP was right that the law did not abrogate common law inspection rights and also argues that the General Assembly should remedy the consequences of Mannato v. SunTrust Banks, Inc.by removing the 2% restriction from the corporation code in Georgia. “In doing so,” the article says, “Georgia would restore powerful oversight abilities to shareholders who have suffered as of late from the economic downturn, precipitated in part by corporate misdirection.” Ruari James O’Sullivan, Skimming from the 2%: The Status of Georgia’s Restrictions on Shareholder Access to Corporate Information, 46 Ga. L. Rev. 835 (2012).
* The firm name changed from Robbins Umeda LLP to Robbins Arroyo LLP on January 1, 2013.