Practice Areas / Derivative Actions

Derivative actions and actions against corporate officers have increasingly become a key concern for public companies and their subsidiaries in today’s legal landscape.

A derivative action is a suit, subject to court approval, filed on behalf of a company and can be filed by a company’s shareholders, any of its directors, and, in certain cases, by a company’s creditor. In many cases, applications for approval of a derivative action are submitted against corporate officers for alleged breaches of duty of care or fiduciary duty towards a company which, the applicant believes, give the company a right to sue those officers – a right which the company is not exercising.

A relatively new market trend, Agmon & Co. Rosenberg Hacohen & Co. has been involved in this field since the beginning and is the first port of call for clients, particularly for officers in companies on whose behalf derivative actions have been filed. Clients benefit from our tailored legal advice, commercial practicality and successful track record in preventing the approval of derivative actions.

We act for a range of public companies and their subsidiaries across many sectors including the banking, insurance and energy sectors.