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Case Study
You are the Chairman of the Board of a well-known, publicly traded corporation. You are personally responsible for convincing the Board to fund a new product design that ultimately failed when it was placed on the market, causing extreme losses for the corporation. The shareholders now want to hold you personally responsible for all the losses to the corporation and have filed a derivative lawsuit in the name of the corporation in which you are the defendant. Please describe how you would defend yourself using the Business Judgment Rule. Create and describe any facts you think will support your position under this Rule. Limit your facts to only those that will support your position under this Rule and no others.Action Items
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In 2001, British-Dutch corporation Unilever attempted to purchase the assets of Ben & Jerry's Ice Cream. The Board of Directors of Ben & Jerry's refused the offer. Unilever's offer was very generous and would have resulted in a major windfall for the shareholders of Ben & Jerry's.The Shareholders threatened to sue the Board of Directors for a breach of fiduciary duty arguing the Board of Directors had a duty for care to make good decisions on behalf of the Corporation. And denying the purchase offer violated that duty.In fear of the lawsuit, the Board agreed to the sell terms. Do you believe the Board of Directors had a duty to accept the buyout offer? And did their failure to accept it amount to a breach of the fiduciary duties owned to the shareholders
Discuss and examine whether Bob is legally bound to pay Ted $100. You must recognize and discuss each element of a valid contract separately.
The Fourth Amendment of the U.S. Constitution limits the power of the police to make arrests, search people and their property, and seize objects.
Chart the law against the facts ?Once you have done substantial research, create a chart that lists each essential fact or event and identify the main legal element that pertains to the event. Identify the issues ?Using the chart of law and facts..
While Jane is out of town on vacation, John paints Jane's house because the paint is chipping and he finds the puke pink
Identify an ethical dilemma-either something that you have recently faced in your life, or something that you read or hear about on the news.
A provision and a contingent liability are the same.' Discuss. "Employees often fail to appreciate the true cost of their employment". Discuss
Write a paper, no longer than 500 words in length, on any legal topic of their choosing that relates to materials covered in your course. Topic- BREACH OF CONTRACT AND REMEDIES
what actions should a manager in the selected industry take to identify and protect the tangible property rights of the
suppose that the fabulous hotel hires you as head chef under a two-year employment contract. after two years another
Part of the merger agreement states that if Ginger should ever leave Heap, Big, and Co., she promises not to practice public accounting in Centerville for a period of five years after leaving. Discuss the requirements for a valid covenant no..
What must the plaintiff prove in a suit under section 11 of the Securities Act seeking recovery of damages from auditors?
Briefly describe the culture of an organization in which you work or have worked. Explain how the culture affected a specific business practice.
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