A ________ is a suit brought by a shareholder of a parent corporation on behalf of a subsidiary corporation owned by the parent.
A)strike suit
B)double derivative suit
C)derivative action
D)class action

Question

Quizplus · Accepted Answer

A double derivative suit is a suit brought by a shareholder of a parent corporation on behalf of a subsidiary corporation owned by the parent.Courts regularly permit double derivative suits.

A ________ Is a Suit Brought by a Shareholder of a Parent