The phrase "a class of its shareholders" is correct and usable in written English.
It can be used in legal or financial contexts when referring to a specific group or category of shareholders within a company.
Example: "The company must hold a meeting to discuss the rights and privileges of a class of its shareholders."
Alternatives: "a category of its shareholders" or "a group of its shareholders."
"A class of innocent shareholders is being asked to pay for the misconduct of corporate officers," said Harvey L. Pitt, a former S.E.C. chairman and now chief of Kalorama Partners, a consulting firm.
Separately, Computer Associates was the subject of a class action brought on behalf of its shareholders, accusing the company of misleading investors by indicating that it was not planning to make any large acquisitions at a time when it was negotiating to buy Computer Sciences.
Goldman already faces a class-action suit by some of its shareholders, filed in the Southern District of New York, seeking billions in damages related to Abacus and three other transactions.
In the Oxford case, Sullivan & Cromwell, Oxford's lawyers, argued that two individual plaintiffs selected by Milberg Weiss were unfit to represent a class of shareholders claiming to have been defrauded by the company.
A class of former Emulex shareholders filed a putative class action and alleged defendants had violated Section 14 e) by failing to summarize the Premium Analysis and to disclose that the premium was below the average for premiums in similar mergers.
Jurors ordered Computer Associates to pay an award of $5.6 million to a class of 1,500 On-Line shareholders.
AMSWA declared the company's initial quarterly cash dividend of 6 cents per share payable on Sept. 19 to both Class A and Class B shareholders of record as of Aug. 20.
The votes of two-thirds of each of Molson's Class A and Class B shareholders are needed to approve the transaction.
MoPac's Board of Directors has announced that its Class B shareholders are not entitled to vote on the plan separately and apart from its Class A shareholders, and that it intends to submit the plan only to the collective vote of the Class A and Class B shareholders.
If the board of the 70-year-old fund actually issues the stock, it will create a new class of shareholders with the right to veto any move by owners of common shares to convert the fund to open-end status.
"They haven't yet appreciated that when you take public funds, you now have a new class of shareholders that are going to be more vocal and impatient with the way you operate".
