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In the Wal-Mart affirmative action class action lawsuit Dukes v.Wal-Mart,
Common And Preferred
Types of stock in a corporation; common stock typically grants voting rights, whereas preferred stock offers dividends priority.
Shareholders
Individuals or entities that own shares in a corporation and have potential voting rights and dividends.
Surviving Corporation
The entity that continues to exist after the merger or consolidation of two or more corporations, absorbing the assets and liabilities of the other entities.
Approve
To officially agree to or sanction something, often through a formal process.
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