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Question
Henry brought a lawsuit against NewAge Inc., claiming that the CEO of NewAge had misappropriated funds last year, as a result of which NewAge ended the year in the red. However, Henry was not a shareholder of NewAge last year and his only motive of buying NewAge shares was to bring this lawsuit in order to gain out-of-court settlements for himself. This kind of lawsuit is known as a:
A. double derivative suit.
B. derivative action.
C. strike suit.
D. class action.
Answer
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