Foss v. Harbottle, rule in

Foss v. Harbottle, rule in
the rule of law that the proper plaintiff in an action in respect of a wrong done to a company is the company itself rather than individual shareholders; as such, no individual can bring an action where the alleged wrong is a transaction that may be ratified and as such made binding on the company by its members.

Collins dictionary of law. . 2001.

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  • Greenhalgh v. Arderne Cinemas Ltd — [1951] Ch 286, [1950] 2 All ER 1120 is UK company law case concerning the issue of shares, and fraud on the minority , as an exception to the rule in Foss v. Harbottle .FactsMr Mallard had a controlling interest in Arderne Cinemas Ltd. He agreed… …   Wikipedia

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