If you are a minority shareholder or have an interest in a corporation it is important to know when to consider a derivative lawsuit in San Diego to protect the best interests of the corporation. The directors, executives and officers of a corporation have a legal duty to protect the corporation from those who would harm it. If they fail in their duty to do so or have taken an action which is against the best interest of the corporation it is possible for a shareholder to consider a derivative lawsuit in San Diego on behalf of the corporation itself. Most derivative lawsuits are brought against a particular director or officer for breach of contract or breach of fiduciary duty. You may also consider a derivative lawsuit in San Diego if the actions are the result of a professional such as an accountant or tax adviser.
Due to the fact that a shareholder files the lawsuit on behalf of the corporation, any financial damages which result from a derivative lawsuit belong to the corporation itself, rather than the shareholder who initiated the lawsuit. These cases are legally quite complex. The Watkins Firm has decades of experience and a successful proven track record of defending shareholders rights and filing derivative actions in San Diego and California courts. We help our clients to resolve shareholder disputes and take a unique approach which is designed to accomplish our client’s goals and objectives in the shortest possible time frame and in a cost-effective manner. This includes, but is not limited to negotiation, mediation, arbitration and when necessary litigation or a derivative action.
When should you consider a derivative lawsuit in San Diego or California? Shareholders always have a right to bring a derivative action when the officers or directors of a corporation fail to act in the best interests of the corporation itself. What is the best strategy to protect your interests as a shareholder and accomplish your objectives? We invite you to contact us for a free consultation at 858-535-1511.