Shareholder Litigation
/ˈʃɛrˌhoʊldər ˌlɪtɪˈɡeɪʃən/
Definitions
- (n.) Legal action initiated by a shareholder to enforce rights against a corporation or its management, often to address mismanagement or breaches of fiduciary duty.
The shareholder litigation alleged that the board violated their fiduciary duties by approving the merger without proper disclosure.
Forms
- shareholder litigation
- shareholder litigations
Related terms
See also
Commentary
Typically involves claims brought on behalf of the corporation or the shareholder class; often requires careful pleading to distinguish from derivative suits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.