FLI Deep Marine LLC v. McKim

Summary

This is a second lawsuit was filed against Sen. Norm Coleman's supporter Nasser Kazeminy, accusing him of using a Texas company to funnel secret cash to the senator's wife Laurie. The primary action concerned plaintiffs, two of Deep Marine Holdings, Inc. minority shareholders, and their stockholder derivative suit against defendants for exploiting and looting the assets of the company for personal gain. They further allege that the defendants "ignored corporate formalities and reasonable business practices.”