Derivative Suit definition

Derivative Suit means a Proceeding against the ---------------- Director brought by or in the right of the Corporation, which involves the Director by reason of his being or having been a director, officer or agent of the Corporation or a subsidiary thereof.
Derivative Suit means any lawsuit brought derivatively on behalf of the Company by a security holder of the Company.
Derivative Suit means any civil proceeding against an Insured Person for a Wrongful Act of such Insured Person made on behalf of, or in the name or the right of, an Insured Organization by any member of such Insured Organization, in such member’s capacity as such, if such proceeding is made without the assistance, participation or solicitation of any Executive.

Examples of Derivative Suit in a sentence

  • Fischel & Michael Bradley, The Role of Liability Rules and the Derivative Suit in Corporate Law: A Theoretical and Empirical Analysis, 71 CORNELL L.

  • Schwartz, The Survival of the Derivative Suit: An Evaluation and a Proposal for Legislative Reform, 81 COLUM.

  • Cox, Compensation, Deterrence, and the Market as Boundaries for Derivative Suit Procedures, 52 GEO.

  • Derivative Suit" shall mean a Proceeding against the ---------------- Director brought by or in the right of the Corporation, which involves the Director by reason of his being or having been a director, officer or agent of the Corporation or a subsidiary thereof.

  • Prunty, Jr., The Shareholders’ Derivative Suit: Notes On Its Derivation, 32 N.Y.U. L.


More Definitions of Derivative Suit

Derivative Suit means any lawsuit brought derivatively on behalf of the Company by a security holder of the Company against any of the Insured Persons.
Derivative Suit means any lawsuit against an Insured Person for a Wrongful Act of such Insured Person made on behalf of a REIT by any securities holders of such REIT, in their capacity as such, including any lawsuit naming the REIT as a nominal defendant.
Derivative Suit means a Proceeding against the ---------------- Officer brought by or in the right of the Corporation and/or an Affiliate (hereinafter defined), which involves the Officer by reason of his being or having been a director, officer or agent of the Corporation, an Affiliate or a subsidiary thereof.
Derivative Suit means a lawsuit brought derivatively by one or more shareholders, members or equity owners of the Company, on behalf of the Company, against any Executive of the Company or, in the case of a Company that is a limited partnership or limited liability company, against an entity General Partner, for a Wrongful Act. J. “E-Consultant Firm” means any e-discovery consulting firm hired by an Insured to perform E- Discovery Consultant Services with the prior written consent of the Insurer. K. “E-Discovery Consultant Services” means the following services performed by an E- Consultant Firm:
Derivative Suit means any lawsuit by a securityholder of an Organization brought derivatively on behalf of such Organization against an Insured Person or the Organization, including against the Organization as a nominal defendant.
Derivative Suit certain shareholder derivative suit now pending in the Xxxxxxxx Xxxxx, Xxxx xxx Xxxxxx xx Xxxxxx, Xxxxx of Colorado (the "Court") styled ENVIRONMENTAL REMEDIATION HOLDINGS CORPORATION, DERIVATIVELY BY AND THROUGH XXXXX XXXXXXX, ET AL, Case No. 00CV1326, Courtroom 2.
Derivative Suit means a civil action brought derivatively on behalf of a Company by a shareholder of such Company against a Director or Officer of the Company for any Wrongful Act on the part of such Director or Officer.