First, eligible shareholders must file a demand on the board.
Shareholders have filed at least two class action suits.
Shareholders sometimes file such lawsuits after stock prices fall.
Shareholders filed a class-action suit shortly after the stock plunge.
Service executives once tried to buy their own company but backed out when shareholders filed suits contending that the price was too low.
The thinking behind the law was that large institutional shareholders like state pension funds would not file frivolous suits.
Several large shareholders have also filed for $15 million, but this is also one of the steps that would be taken by a potential acquirer.
A shareholder in a utility filed suit, claiming that the payroll tax was unconstitutional.
The shareholders have filed 16 lawsuits on behalf of Texaco seeking compensation.
In one building, one shareholder filed no fewer than 12 lawsuits.