What is a shareholder class action?

A shareholder class action is a type of legal action that is taken in corporate law in New Hampshire. This type of action is when shareholders of a corporation come together to bring a lawsuit against the company’s management for certain types of mismanagement or unethical or illegal behavior. Typically, a shareholder will initiate the class action and other shareholders of the same class will be included as class members. These cases are often initiated when a corporation’s board of directors have approved questionable or illegal behavior. They can also be initiated if the board has a conflict of interest or fails to properly oversee the company’s finances. In a shareholder class action, shareholders have the ability to recover damages that are associated with their losses. This could include lost value in their stock or lost dividends. In a shareholder class action, all of the shareholders of the same class are considered to be members of a single collective class. This means that the shareholders will be able to present their case as a single entity with the collective evidence of all the members. It is important to note that a shareholder class action does not guarantee a settlement or victory. The class must be able to prove the claims in order for the action to be successful.

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What is a shareholder class action?

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