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YouTubeLawMint
Derivative Action Meaning Legal Context & Example Legal Terms Simplified @LawMint
Derivative Action. A derivative action is a lawsuit brought by a shareholder on behalf of a corporation against a third party. It is also known as a shareholder derivative suit in the US, or a derivative claim in the UK and Australia. Often, the third party being sued is an insider, such as an executive or a board director. When management ...
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