comprised solely of derivative lawsuits. This provides another unique research opportunity, as most litigation is comprised … almost entirely of only securities class actions or only derivative lawsuits. Thus, it is possible to compare and contrast … securities class actions with derivative lawsuits. This is particularly useful because some question the value of securities …

problems result. Replacing the current claims doctrine with derivative doctrine (IIA forms of derivative actions, class actions … thus decrease the perceived unfairness and inconsistency of the current system. In addition, derivative doctrine would …. Adopting derivative doctrine could avert a future crisis, similar to the one currently threatening IIA, in international …

Universal Demand (UD) laws by different states. The UD laws substantially raise the hurdle for shareholders to file derivative … sales, after the passage of UD laws, suggesting derivative litigation serves a disciplinary role in curbing insider trading …. The deterrence effect of derivative litigation complements that of federal securities litigation, as it is effective in …

This study focuses on U.S. shareholder derivative cases in which Audit Committee members were defendants. Three grounds …

Exploiting the staggered adoption of universal demand (UD) laws as exogenous shocks to filing derivative lawsuits, we …

A statutory derivative action has been proposed for the United Kingdom and is contained in Part 11 of the Company Law … Reform Bill. Australia has had a statutory derivative action for approximately 6 years. This paper outlines the results of … the first empirical study of the Australian statutory derivative action. The study provides insights into the way …

In this chapter, Nakahigashi and Puchniak explain that from 1950 until the mid-1980s the derivative action ‘in practice …’ could not have been any more different in the United States and Japan. During this period derivative litigation (for better … companies experiencing one or more derivative suits. In stark contrast, in Japan from 1950 until the mid-1980s there was less …