What is DERIVATIVE ACTION?

A lawsuit for a corporation by the shareholders against a director or officer. They want damages for lack of dugy or mismanagement. AKA derivative suit.

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Related Legal Terms
DERIVATIVE LAWSUIT, CURRENCY DERIVATIVE, EQUITY DERIVATIVE, COMMODITY DERIVATIVE, CREDIT DERIVATIVE, PRECIPITATION DERIVATIVE, DERIVATIVE SECURITY, EXCHANGE-TRADED DERIVATIVE, WEATHER DERIVATIVE, INTEREST RATE DERIVATIVE


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