If a shareholder's derivative action succeeds the suing shareholder is entitled to:
A)compensation for the time he devoted toward the lawsuit.
B)compensation from the other shareholders.
C)reimbursement of any costs and fees incurred in bringing the action.
D)reimbursement of his reasonable attorney's fees that he incurred in bringing the action.

Question

Quizplus · Accepted Answer

If the derivative action succeeds and damages are awarded,the damages ordinarily go to the corporate treasury for the benefit of the corporation.The suing shareholder is entitled only to reimbursement of his reasonable attorney's fees that he incurred in bringing the action.

If a Shareholder's Derivative Action Succeeds the Suing Shareholder Is