Home > Glossary

Nonderivative Suits

Nonderivative Suits


Nonderivative Suits — a lawsuit alleging that the acts of directors and officers of a corporation caused damage to the individual(s) bringing the suit. This is in contrast to derivative suits, which are brought by one or more stockholders on behalf of the organization, alleging financial loss to the organization.

Related Products

User ID: Subscriber Status:Free