Can a stockholder sue in the name of a corporation?

Provided that the proper formalities are observed (i.e. that the assignment is approved by the required number of independient directors, or shareholders), a corporation can assign a cause of action (assuming the claim is assignable; there are a few types of claims which are not) to its majority shareholder, who could then prosecute it in his own name.  The corporation has an obligation to its shareholders and (depending on its situation) its creditors to get adequate consideration for the assignment, and there may also be tax consequences to the assignment.