strike suit

strike suit
A derivative action instituted by a minority of stockholders for the purpose of oppressing the majority and involving the corporation itself in disaster for selfish purposes and for reasons not always revealed. 19 Am J2d Corp § 560.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • strike suit — n: a derivative action based on no bona fide claim and brought with the intent to force defendants to settle out of court Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. strike suit …   Law dictionary

  • Strike suit — A strike suit is a lawsuit brought by a single person or group of people with the purpose of gaining a private settlement before going to court that would be less than the cost of the defendant s legal costs. Such suits frequently appear where… …   Wikipedia

  • Strike — may refer to:Refusal to work or perform* Strike action, also known as a Walkout, a work stoppage by a corporation or public institution * General strike, a strike action by a critical mass of the labor force in a city, region or country *Church… …   Wikipedia

  • Strike — Strike, v. i. To move; to advance; to proceed; to take a course; as, to strike into the fields. [1913 Webster] A mouse . . . struck forth sternly [bodily]. Piers Plowman. [1913 Webster] 2. To deliver a quick blow or thrust; to give blows. [1913… …   The Collaborative International Dictionary of English

  • Strike Gundam — This article is about a series of fictional mobile weapons from the Cosmic Era timeline of the Gundam anime metaseries.The GAT X105 Strike Gundam is initially designed by Junichi Akutsu and cleaned up by Kunio Okawara for the series Mobile Suit… …   Wikipedia

  • Suit (cards) — The four French playing card suits used primarily in the English speaking world: spades (♠), hearts (♥), diamonds (♦) and clubs (♣). In playing cards, a suit is one of several categories into which the cards of a deck are divided. Most often,… …   Wikipedia

  • Strike Commander — Infobox VG| title = Strike Commander developer = Origin Systems publisher = Electronic Arts designer = Chris Roberts engine = Custom released = 1993 genre = flight simulator modes = Single player ratings = USK: 12+ platforms = x86 (MS DOS) media …   Wikipedia

  • strike — v 1. hit, smite, thwack, slap, smack, Australian. ding; cuff, buffet, knock, punch, box, sandbag, Scot. dunt, Scot, and North. Eng. paik, Inf. clout, Inf. slug, Inf. whack, Inf. knock [s.o. s] block off, Inf. wallop, Inf. crown, Sl. conk, Dial.… …   A Note on the Style of the synonym finder

  • strike in with — Side with, take part with, conform to, suit itself to, join with at once …   New dictionary of synonyms

  • strike suits — Shareholder derivative action begun with hope of winning large attorney fees or private settlements, and with no intention of benefiting corporation on behalf of which suit is theoretically brought …   Black's law dictionary