Shareholder Derivative Litigation
Best described as litigation brought by current shareholders against company management or the Board of Directors, in order to implement environmental, social or other corporate governance reform (also known as “ESG”), or institute best practices in some other area of the company, this litigation tool is taken to assert the corporation’s rights and protect shareholder interests.
If you’re interested in initiating a shareholder derivative action, you MUST:
- Have been a shareholder of the corporation at the time of the alleged misconduct; and
- Hold shares throughout the litigation process.
Concerns about the management of a public company’s corporate practices or other misconduct?
Contact us for a confidential, no-cost case evaluation.
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