BUL 3320 Derivative Actions German Laws Discussion

Today, most of the claims brought against directors and officers inthe United States are those alleged in shareholders derivativelawsuits. Other nations, however, put more restrictions on the use ofsuch lawsuits. German law, for example, does not provide for derivativelitigation, and a corporations duty to its employees is just assignificant as its duty to the shareholder-owners of the company. TheUnited Kingdom has no statute authorizing derivative actions, which arepermitted only to challenge directors actions that the shareholderscould not legally ratify. Japan authorizes derivative actions but alsopermits a company to sue the plaintiff-shareholder for damages if theaction is unsuccessful.

Assignment:

(1) Research the laws/statutes/rules/court cases governingshareholder derivative lawsuits in one of the nations listed above orany other nation.

(2) In a minimum 250-word post, please:

(a) Cite the law/statute/rule/court case governing shareholder derivative lawsuits of the nation you chose; and

(b) Explain if the shareholder derivative lawsuit hasencouraged businesses to be more or less culturally responsible? Give atleast one specific example.

Research Information/Suggestions:

1. Please use reliable and credible search engines (please do not use Wikipedia).

2. This website has great information on research skills: http://lib.usfsp.edu/sb.php?subject_id=136086 (Links to an external site.).

3. I suggest using either Westlaw or Lexis-Nexis which can be found under Databases once you log into the USF Library network.

4. Don’t hesitate to ask a Librarian for assistance (https://lib.stpetersburg.usf.edu/RIHome/allguides (Links to an external site.))!

Citations:

1. You may use the APA, MLA or Turabian format. For information on how to cite your research, please visit this website: https://lib.usfsp.edu/Citations (Links to an external site.).

2. Please put your citations into your assignment. The citations do not count towards the word count.

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