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BrokeAgent

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BrokeAgent

Re: AISI304 post# 92114

Wednesday, 10/13/2021 3:06:07 PM

Wednesday, October 13, 2021 3:06:07 PM

Post# of 96902
It's a derivative suit. Derivative lawsuits are typically filed by a director of the company, on behalf of the company, but shareholders can bring derivative actions against a company as well. Essentially, a derivative lawsuit is filed to stop the company or it's director(s) from doing something that is or will be detrimental to the company and/or shareholders.
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