Can a company sue for damages against its shareholders?
British Columbia, Canada
The following excerpt is from Liu v. Sung, 1988 CanLII 2857 (BC SC):
The applicant defendants, joined on this point by the other defendants, submit that the plaintiffs are seeking to circumvent the principle established in Foss v. Harbottle (1843), 2 Hare 461, 67 E.R. 189, that a company and its shareholders are different entities and only the company can sue for a wrong done to it.
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