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Meaning of shareholders' derivative action | Babel Free

Noun CEFR C1

Definitions

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.

US

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

shareholders' meeting shareholdership shareholding sharehome sharehouse shareland

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