The directors and officers responsible for running a corporation owe fiduciary duties to the company and its shareholders. When those duties are breached, the corporation may pursue claims to recover damages. If the corporation fails to act, shareholders may bring derivative actions on the company’s behalf to enforce corporate rights and hold leadership accountable.

Brian Murray Law has extensive experience litigating these matters, having been involved in scores of derivative actions across the United States in both state and federal courts.

Corporations are also bound to comply with the laws of their state of incorporation. At times, a company may adopt bylaws or maintain governing documents that conflict with applicable law. In those circumstances, the corporation can be compelled to amend its charter or bylaws to bring it into legal compliance.