kaal:claim:3017612-016

A shareholder suing derivatively sues on the corporation's behalf and cannot convert the action into a personal one, even where the corporate injury has impaired the value of that shareholder's own stock.

Source quote, verbatim

The shareholders are simply suing on the corporation's behalf and cannot maintain actions on their own behalf to redress an injury to the corporation even if the value of their stock is impaired as a result of the injury.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), III.1 Shareholders' Agreements on Shareholder Rights, p. 8
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

injury runs to the corporation

Classification

conditionsupport: evidencedreputationcorporate-governance

Verify

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Attestation record: colloquium/attestations/30c5b319fa132bf5...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3017612-016.md | sha256sum