Strike suit

A strike suit is a lawsuit of questionable merit[1] brought by a single person or group of people with the purpose of gaining a private settlement before going to court that would be less than the cost of the defendant's legal costs.[2] Such suits frequently appear where the defendant is a considerably larger entity than the plaintiff, such as a corporation or an estate.

Strike suits in securities law

Company shareholders sometimes use strike suits as a means of addressing perceived failures by or discontentment with the company while avoiding becoming embroiled in litigation themselves.

  • A minor shareholder sues a company for falling short on projected earnings. The lawsuit makes multiple technical claims of incompetence by the company.
  • A minor shareholder sues a company for failure to follow bylaws set by the company. The lawsuit makes multiple technical claims of bylaw infractions by the company.
gollark: And it has a fuzzy matcher module which could be connected to the search bit if you had a custom tokeniser.
gollark: Its tokeniser does stemming a bit but that isn't true fuzzy searching.
gollark: Not fuzzy searching, no. It has all the bits you need but to use them you need either accursed hacks or use of irritating bits of the C API not exposed by wrappers.
gollark: Given that the merely semiworking search thing I have is ⅓ the size of the Minoteaur backend code it will likely continue to use the SQLite search forever.
gollark: Unfortunately SQLite's search capabilities are good but inflexible unless I manually deal with its C API.

See also

References
  1. Badawi, Adam B.; Webber, David H. (2015). "Does the Quality of the Plaintiffs' Law Firm Matter in Deal Litigation?". The Journal of Corporation Law. 41 (2): 104. Retrieved 19 November 2019.
  2. Fox, Merritt B. "Required Disclosure And Corporate Governance". Law And Contemporary Problems. Retrieved 2008-10-15.
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