As a reward for defending the rights of the corporation, the judge may approve an incentive award for the shareholder who has filed a successful derivative lawsuit. The incentive award is also intended to compensate the plaintiffs for the time and trouble associated with filing a shareholder derivative action. Incentive awards in these lawsuits generally range from $5,000 to $50,000 per plaintiff.
If you are an investor in a company whose directors and officers are not acting in the best interests of shareholders, you may be able to protect your investment through a shareholder derivative lawsuit. To learn more about your legal rights, get in touch with us today.