As a shareholder, the officers and directors of a company owe you and the company the highest duties of good faith and fair dealing ("fiduciary duties"). If they breach these duties and act in their own best interest and for their own financial gain, rather than in the best interest of the company and its shareholders, you may be able to bring a shareholder derivative suit against them.
The goal of derivative litigation is to remedy injury to the company, so if you are successful, the money recovered is paid back to the company. Thus, derivative lawsuits serve an important function in benefitting the companies in which you, as a shareholder, have an ownership interest.
If you would like to discuss your rights as a current shareholder in a publicly-traded corporation to bring a derivative lawsuit, please contact Amber Eck for a free consultation.
If you are aware of or suspect any practices or wrongdoing by companies or their executives that may be a violation of the securities laws or may be a breach of their fiduciary duties, please call, write or e-mail us right away.
