stockholder's derivative action
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 337 U.S. 541 - Cohen v. Beneficial Industrial Loan Corp. · 1949Most cited · 22,577 citing opinions
a stockholder who brings suit on a cause of action derived from the corporation assumes a position, not technically as a trustee perhaps, but one of a fiduciary character. He sues, not for himself alone, but as representative of a class comprising all who are similarly situated. The interests of all in the redress of the wrongs are taken into his hands, dependent upon his diligence, wisdom and integrity.
How often courts cite the case defining “stockholder's derivative action”
Court decisions citing the opinion that defined “stockholder's derivative action” — 22,298 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.