A derivative suit is filed on behalf of a corporation to enforce a right of the corporation. It is filed in the name of the corporation rather than by individual shareholders. The purpose is to allow shareholders to seek remedy on behalf of the corporation for harm done to the corporation.
A derivative suit is filed on behalf of a corporation to enforce a right of the corporation. It is filed in the name of the corporation rather than by individual shareholders. The purpose is to allow shareholders to seek remedy on behalf of the corporation for harm done to the corporation.
A derivative suit is filed on behalf of a corporation to enforce a right of the corporation. It is filed in the name of the corporation rather than by individual shareholders. The purpose is to allow shareholders to seek remedy on behalf of the corporation for harm done to the corporation.