![](https://attorneyatlawmagazine.com/wp-content/uploads/2023/01/bigstock-Business-Meeting-Of-Persons-313494-300x191.jpg)
What Is A Special Litigation Committee?
A truly independent “Special Litigation Committee” or “SLC” wields enormous power in the context of derivative claims (more on these claims below). The SLC will either validate a derivative claim and recommend that it be pursued or settled or will recommend that it be dismissed. Since the company or corporation must adhere to the SLC’s determinations, and because of the