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Shareholders may bring suit against an officer on behalf of a company. It is designed to protect minority investors against exactly the scheme Zuck has set up.
by dsl 14y ago
Shareholders may bring suit against an officer on behalf of a company. It is designed to protect minority investors against exactly the scheme Zuck has set up. The corporation is the benefactor of any damages to prevent abuse by shareholders.
See http://en.wikipedia.org/wiki/Derivative_suit http://en.wikipedia.org/wiki/Derivative_suit