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Stockholder Derivative Suit
(redirected from Shareholder 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.
stockholder derivative suit
A lawsuit filed by one or more of a company's stockholders in the name of the company. A derivative suit is filed when the firm's management will not or cannot sue in the name of the company. For example, a stockholder may enter a derivative suit against the firm's chief executive officer to recover funds from a questionable or an improper act by that officer. Also called derivative suit.
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Also significant were awards and settlements from suits litigated outside the US, particularly the $371 million settlement in the Netherlands of a shareholder suit against Royal Dutch Shell.
Securities: lawsuit slowdown? by CPI Financial
A shareholder suit has already been filed against Kona's Board and management, and in late April a substantial majority of outside shareholders withheld their vote rather than support ex-CEO Marcus Jundt.
Large Investor Tells Kona Board: Do Not Destroy Shareholder Value by PR Newswire
Teleconferences and webinars for the same period cover topics such as: courtroom practices, consumer product safety, IP and domain names, shareholder suits, stock ownership plans, commercial litigation, lead paint, class action against hospitals, presenting quantitative evidence and benzene.
Mealey's Conferences sold by Bus. Valuation Resources by Business Publisher
 
 
 
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