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shareholder's derivative action

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shareholder's derivative action n. a lawsuit by a corporation's shareholders, theoretically on behalf of the corporation to protect and benefit all shareholders, against the corporation for improper management. (See: derivative action)
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? References in periodicals archive
A settlement of shareholder's derivative action captioned Siegel v.
The Weiser Law Firm, P.C. Announces Settlement of Hypercom Derivative ... by Business Wire
The resolution of the State Court Action does not affect the pendency of the shareholder's Derivative Action and Class Action lawsuit pending in Federal Court.
Caprius, Inc. Resolves NJ State Court Lawsuit by Business Wire
at the Holiday Inn, 99 Viger Street West, Montreal, Canada, 514/878-9888, to announce a wrongful termination lawsuit and initiate a shareholder's derivative action against Alcan and the parent company, Alcan Aluminium Limited of Canada.
Wrongful termination lawsuit brought by former Alcan president by Business Wire
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