shareholders' derivative action

English - English

Definition of shareholders' derivative action in English English dictionary

A lawsuit brought on behalf of a corporation by a shareholder in that corporation, against a third party usually an insider of the corporation, such as an executive officer or director

Related Terms

shareholders' derivative actions

plural form of shareholders' derivative action

Hyphenation

shareholders' de·ri·va·tive ac·tion

Turkish pronunciation

şerhōldırz dırîvıtîv äkşın

Synonyms

shareholders' derivative suit

Pronunciation

/ˈsʜerˌhōldərz dərˈəvətəv ˈaksʜən/ /ˈʃɛrˌhoʊldɜrz dɜrˈɪvətɪv ˈækʃən/