A proceeding brought by one or more shareholders in the name of the corporation in respect of a wrong done to the corporation is referred to as

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A derivative action is brought by a shareholder on behalf of the corporation when the corporation itself does not bring a claim for a wrong that has been done to it. This type of action is different from an oppression action or a winding-up action, which are brought by shareholders to protect their own rights and interests, rather than those of the corporation. An appraisal action is a proceeding initiated by shareholders who disagree with the price offered for their shares in a corporate merger or acquisition. A negligence action is a civil lawsuit filed by a plaintiff against a defendant alleging that the defendant's reckless or careless behavior caused the plaintiff harm.

A Proceeding Brought by One or More Shareholders in the Name