Some articles on derivative suits, derivative suit, suit:
... often incorporate, institute a number of barriers to derivative suits ... Under the Model Business Corporation Act (MBCA), the procedure of a derivative suit is as follows ... after 90 days the demand has been rejected or has not been acted upon, shareholders may file suit ...
... Historically, derivative suits by shareholders were rare in Japan ... amended to reduce the filing fee for all shareholder derivative suits to ¥8,200 per claim ... This led to a rise in the number of derivative suits heard by Japanese courts, from 31 pending cases in 1992 to 286 in 1999, and to a number of very high-profile shareholder actions, such as those ...
Famous quotes containing the words suits and/or derivative:
“Each man must grant himself the emotions that he needs and the morality that suits him.”
—Rémy De Gourmont (18581915)
“Poor John Field!I trust he does not read this, unless he will improve by it,thinking to live by some derivative old-country mode in this primitive new country.... With his horizon all his own, yet he a poor man, born to be poor, with his inherited Irish poverty or poor life, his Adams grandmother and boggy ways, not to rise in this world, he nor his posterity, till their wading webbed bog-trotting feet get talaria to their heels.”
—Henry David Thoreau (18171862)