1. Sony Hack: Will Shareholders Sue?

    Sony Hack: Will Shareholders Sue?

    Maybe, but navigating the jungles of double derivative actions and the business judgment rule will be tough — and not just in the U.S...

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    1. Mistakes or errors in the exercise of honest business judgment do not subject the officers and directors to liability for negligence in the discharge of their appointed duties
    2. A double derivative suit, is one brought by a shareholder of a parent corporation to enforce a claim belonging to a subsidiary that is either wholly owned or majority controlled.
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