Derivative Claims Law and Legal Definition

Derivative claims are those arising from a "wrongful act that diminishes the value of stock and thereby injures shareholders only indirectly, by reason of the prior injury [diminishing stock value] to the corporation and observes the long-standing and general rule . . . that such claims must be brought in the name of the corporation." Curtis v. United States, 63 Fed. Cl. 172, 179 (Fed. Cl. 2004)