Shareholder Derivative Suits
We can be your reliable advocates in filing your shareholder derivative suits against a person or a party who have done wrong in your company. We will help defending your rights as a shareholder and subsequently hold the responsible individuals for their illicit acts that may greatly affect your company's operations. Our Expert Los Angeles Attorneys are well adept in handling such type of case and have the ability to resolve it positively. Thus, you can be assured that your time and efforts in filing charges will not be wasted.
Shareholder derivative suits are legal actions undertaken by any shareholder on the part of the company to implement or defend a right if the company itself rejects the filing of a lawsuit. In these cases, the plaintiffs file their lawsuits on their own or even without the support and consent of the others. He or she, then, performs these tasks to protect and defend the interests of the company alone. This indeed requires him or her, the legal assistance or support from our business attorneys who are very much willing to impart their knowledge and expertise to succeed in these legal endeavors.
Usually, the defendants of these lawsuits are the people who belong in the top or executive positions in the company. This may be due to the executive's suspected wrongful acts especially those involving the use of the company's financial assets for personal benefits.
The right of an owner to file shareholder derivative suits is based on the privileges given to them as shareholders of the company. This also entitles them to recover their dividends in the business and to inspect the company's books and records.
On the other hand, the main reason why the shareholders are given this right is to allot them an avenue to make such judicial petitions that will indict the company management in case of abuses. This also prevents the overlapping legal cases filed against the defendant if ever other shareholders wished to file a claim.
For other helpful information about shareholder derivative suits, please contact our reliable business attorneys who can provide you the most credible advice and legal representation. Schedule a meeting with us to discuss your concerns further. We will ensure that justice, for your case, will prevail.