Washington University Law Quarterly
This Article focuses on the last of shareholders’ alternatives: suing. Shareholder derivative litigation has frequently been an engine for changing abusive corporate practices. The well-tested claims of breach of duty of care, breach of duty of loyalty, and waste, are available when the appropriate facts support them. In recent history, a large number of determined plaintiffs have brought such claims, challenging abusive corporate pay practices in corporations.
Randall S. Thomas and Kenneth J. Martin,
Litigating Challenges to Executive Pay: An Exercise in Futility?,
79 Wash. U. L. Q. 569
Available at: http://openscholarship.wustl.edu/law_lawreview/vol79/iss2/5