nonderivative suits
A nonderivative suit is a lawsuit alleging that the acts of directors and officers of a corporation caused damage to the individual(s) bringing the suit.
nonderivative suits
A nonderivative suit is a lawsuit alleging that the acts of directors and officers of a corporation caused damage to the individual(s) bringing the suit.
Additional Information
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.
