Louisville Shareholder Derivative Lawsuit Lawyers
A derivative lawsuit protects the corporation from the activities of executives and board members. You have a right as a shareholder to bring a lawsuit on behalf of your corporation when the board members or company executives are not acting in the company’s best interest. This type of business litigation, known as a shareholder derivative lawsuit is legally quite complex. If you hold a minority interest or are a concerned shareholder in a corporation you will need the experienced and knowledgeable business litigation attorneys at Dodd & Dodd Attorneys, PLLC to guide you through the process and help you assert and protect your rights as a shareholder.
Kentucky has enacted laws to protect minority shareholders to ensure they have access to important corporate information including financial records. Each shareholder has the right to protect their interests in the corporation. When managing or majority shareholders attempt to “freeze out” a minority interest, they often do so at the expense of the best interests of the corporation. If you as a shareholder are concerned the corporation’s Board of Directors, executives, or management team are leading the company in the wrong direction or fail to fulfill their fiduciary duties you should consider a derivative lawsuit on behalf of the company to defend the interests of the corporation.
At Dodd & Dodd Attorneys, PLLC our corporate dispute and business litigation lawyers have decades of experience handling shareholder litigation, including derivative actions. We help shareholders throughout Louisville and across the State of Kentucky to enforce their rights and bring actions against board members and corporate executives.
Bringing a Derivative Lawsuit
Shareholders have the right to bring a derivative lawsuit on behalf of the corporation where the board has failed to take action. Derivative actions are used most often where there has been a conflict of interest or breach of fiduciary duty on the part of a board member, executive or corporate officer.
Shareholder derivative actions are much more legally complicated than disputes between shareholders themselves. In these cases, the shareholder is legally stepping into the shoes of the board and bringing a lawsuit on behalf of the corporation. At the end of the derivative lawsuit, any resulting damages will be paid to the corporation, not the shareholder.
Dodd & Dodd Attorneys, PLLC will help you to evaluate your present situation and the option to bring a derivative lawsuit. We will take aggressive action to protect your interests and enforce your rights as a shareholder, while working for the benefit of the corporation.
Contact an Experienced Louisville Shareholder Dispute Attorney
Learn more about bringing shareholder derivative lawsuits, shareholder litigation, corporate and business legal services at Dodd & Dodd Attorneys, PLLC located in Louisville, Kentucky. We invite you to review the comments and recommendations of our clients and contact us or call (502) 584-1108 to schedule a consultation or speak with a lawyer about your situation.