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    Failure To Return Shares Subject To Repurchase Right Supports Conversion Claim

    Closely held issuers often include a repurchase right in their equity award agreements.  I expect that in most cases, shareholders will comply with these provisions.  When a shareholder doesn't, the company's most obvious cause of action will be for...

    repurchase, conversion, Corporate Governance, Executive Compensation, Applied Medical Corp. v. Thomas, buyback rights, Justice Mark B. Simons