derivative suit

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Stockholder Derivative Suit

A lawsuit filed by one or more shareholders of a publicly-traded company in the name of the company. Often, this lawsuit is filed against a member of the company's management who committed an illegal, unethical, or negligent act. Directors' and officers' liability insurance can protect the management from losses as the result of one of these lawsuits. They are also called derivative suits and derivative action.

derivative suit

References in periodicals archive ?
More information and details about the Settlement and the Settlement Hearing are provided in the "Notice of Pendency and Proposed Settlement of Stockholder Derivative Action, Settlement Hearing, and Right to Appear" (the "Long-Form Notice"), which, along with the Stipulation, is available for review on RESI's corporate website for shareholders under Derivative Action Settlement (http://ir.
transplanted derivative action lay moribund for almost four post-war decades while at the same time the derivative action was a staple of shareholder litigation in the United States.
Should the Court approve the Derivative Action Settlement, Derivative Counsel intend to request an attorneys' fee award totaling $24.
On August 3, 2011, the Federal Court actions were consolidated as the Federal Derivative Action.
Any Current Boulder Shareholder who fails to object or otherwise request to be heard in the manner prescribed in the full Notice of Pendency of Derivative Action, Proposed Settlement of Derivative Action, and Settlement Hearing, will be deemed to have waived the right to object to any aspect of the settlement or otherwise request to be heard (including the right to appeal) and will be forever barred from raising such objection or request to be heard in this or any other action or proceeding, and shall be bound by the settlement, the Judgment, and the releases given.
NYSE: CGA; "CGA" or the "Company"), a producer and distributor of humic acid-based compound fertilizers, blended fertilizers, organic compound fertilizers, mixed organic-inorganic compound fertilizers, slow-release fertilizers, highly-concentrated water soluble fertilizers and agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings through its wholly-owned subsidiaries inChina, today announced that all of the shareholder derivative actions pending against certain of the Company's current and former officers and directors and its auditor have been resolved and dismissed.
Robbins Umeda LLP highlights that NeurogesX shareholders have the option to file a shareholder derivative action to hold those officers and directors accountable for damaging the company.
Summary Notice of Pendency and Settlement of Shareholder Derivative Action and of Settlement Hearing
Robbins Umeda LLP highlights that MAP Pharmaceuticals shareholders have the option to file a shareholder derivative action to hold those officers and directors accountable for damaging the company.
YOU ARE HEREBY NOTIFIED, that the parties to the above derivative action and the stockholder derivative action styled In re Wireless Facilities, Inc.
Robbins Umeda LLP highlights that A123 shareholders have the option to file a shareholder derivative action to hold those officers and directors accountable for damaging the company.