Shareholder Derivative Lawsuit | Shareholder Derivative Attorneys
Derivative lawsuits permit a shareholder, in the name of the company, to bring an action against the parties who allegedly caused harm to the company. The third party in a derivative lawsuit is generally an insider of the corporation, such as an executive officer or director. The derivative suit (or derivative lawsuit) protects the shareholder’s long-term interest in the company.
In a typical derivative action, a shareholder will demand that the company take steps against its officers or directors if they performed any activity that harmed the company and/or decreased its value. Generally, this occurs when the third party failed to act in the best interest of the corporation, deprived the company of a profitable opportunity, or performed some other wrongful act or illegal activity. If the board of directors refuses to act, the shareholder may bring a derivative lawsuit against the officers and directors.
Legal Help for Shareholder Derivative Lawsuit Claims
Gilman Law LLP is a leading securities fraud law firm and is here to help you recover damages for your derivative action. For a FREE evaluation of your case, please fill out our online form, or if you need to speak to an attorney right away CALL TOLL FREE (1-888-252-0048) today.