Shareholder derivative actions allow individual shareholders of companies to essentially police their investments and to hold the company responsible for its conduct. These suits are typically filed against a corporate officer or director who has caused harm to the corporation. Lawsuits may also be filed when the board has failed to take action that benefits and/or protects the corporation.

Examples of misconduct include: excessive management compensation, self-dealing, failed investments and/or unwillingness to consider legitimate merger proposals.

Shareholders with potential claims should contact Tostrud Law Group, and we will investigate on your behalf.