A court will dismiss a derivative suit if a majority of the directors or an independent panel determines in good faith that the lawsuit is not in the best interests of the corporation.

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This statement is true. A court can dismiss a derivative suit if a majority of the directors or an independent panel determines in good faith that the lawsuit is not in the best interests of the corporation. This power is given to the directors or panel because they are presumed to have the best understanding of the corporation's interests and the potential impact of the lawsuit on the corporation. However, the court can still independently evaluate the determination made by the directors or panel before deciding whether or not to dismiss the lawsuit.

A Court Will Dismiss a Derivative Suit If a Majority