Shareholder Derivative Litigation
A Shareholder Derivative suit is a lawsuit brought by a shareholder on behalf of a corporation against the managers. Corporate officers and directors are constantly exposed to temptations to put their own interests at odds with those of the shareholders they purport to represent. In theory, corporate officers and directors are stewards of corporate assets on behalf of the shareholders, and any decision that damages share value for illegitimate purposes can be a basis for a shareholder derivative lawsuit.
Through its derivative litigation practice, Hannuri Law has obtained important decisions benefitting plaintiff shareholders throughout Metropolitan centers in Korea.