Derivative action - How To Discuss
John Parsons
Updated on September 01, 2026
Derivative action,
Definition of Derivative action:
Lawsuit brought on behalf of a corporation by one or more of its shareholders against its directors and/or officers to seek redress for a breach of fiduciary duty, gross negligence, mismanagement, or other serious matter. Also called derivative suit.
Meaning of Derivative action & Derivative action Definition