1) Corporate law
Found on
https://www.crosswordclues.com/clue/derivative-suit
A shareholder derivative suit is a lawsuit brought by a shareholder on behalf of a corporation against a third party. Often, the third party is an insider of the corporation, such as an executive officer or director. Shareholder derivative suits are unique because under traditional corporate law, management is responsible for bringing and defendin...
Found on
http://en.wikipedia.org/wiki/Derivative_suit
A shareholders' suit made on behalf of the company or mutual fund and its shareholders. If damages are awarded, they are paid to the company or mutual fund. Originally, derivative suits were a way for shareholders to challenge the actions of a self-interested or entrenched board that allowed mismanagement of a company.
Found on
http://www.encyclo.co.uk/visitor-contributions.php
No exact match found.
