Examlex
A key concept in one taxonomy ________.
Derivative Suit
A lawsuit brought by a shareholder on behalf of a corporation against a third party, often the corporation's executives or directors, due to failure in their corporate duties causing harm to the company.
Similarly Situated Shareholders
Shareholders in a corporation who are in comparable positions, typically concerning their rights and interests.
Current Shareholder
An individual or entity that currently owns shares in a company.
Derivative Action
A lawsuit brought by a corporation's shareholder(s) on behalf of the corporation against a third party, often the corporation's executives or directors, when the corporation fails to take action.
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