A stockholder believes that the company’s officers or directors have engaged in conduct that breached their fiduciary duties ...

Although the members of a limited liability may file a derivative action, the right of action belongs to the LLC and not to the members themselves. This fundamental principle had real consequences for ...

Maybe, but navigating the jungles of double derivative actions and the business judgment rule will be tough — and not just in the U.S. By Jonathan Handel Sony Pictures Entertainment Studios - H 2014 ...

In response, Cuneo Gilbert and Brower Piven both refashioned their complaints as "double-derivative" actions that sought to force BofA's board to compel Merrill to bring claims against its former ...

Since New York case law generally holds that a trustee is the proper party to a suit in conflict situations, the aggrieved trust beneficiary is seemingly without options. Practitioners, however, ...