Search Results for: CONSORTIUM

loss of consortium

loss of consortium (k[schwa]n-sor-shee-[schwa]m). 1. A loss of the benefits that one spouse is entitled to receive from the other, including companionship, cooperation, aid, affection, and sexual relations. • Loss of consortium can be recoverable as damages from a tortfeasor in a personal-injury or wrongful-death action. Originally, only the husband could sue for loss of […]

loss of consortium Read More »

derivative action

derivative action. 1. A suit by a beneficiary of a fiduciary to enforce a right belonging to the fiduciary; esp., a suit asserted by a shareholder on the corporation’s behalf against a third party (usu. a corporate officer) because of the corporation’s failure to take some action against the third party. See Fed. R. Civ.

derivative action Read More »

Scroll to Top