Section 3 Shareholder Suits:Private Enforcement -Shareholder Class Action A lawsuit brought for personal claims of all shareholders. Shareholder Derivative Suit A lawsuit brought by a shareholder on behalf of a corporation against a third party. Often,the third party is an insider of the corporation,such as an executive officer or director. Page8Page  8 Section 3 Shareholder Suits: Private Enforcement Shareholder Class Action A lawsuit brought for personal claims of all shareholders. Shareholder Derivative Suit A lawsuit brought by a shareholder on behalf of a corporation against a third party. Often, the third party is an insider of the corporation, such as an executive officer or director