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Provide decision in given contention

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Donald J. Richardson, Grove L. Cook, and Wayne Weaver were stockholders of Major Oil. They brought a direct action, individually and on behalf of all other stockholders of Major, against certain directors and other officers of the corporation. The complaint stated twelve causes of action.

The first eight causes alleged some misappropriation of Major's assets by the defendants and sought to require the defendants to return the assets to Major.

Three of the remaining four causes alleged breaches of fiduciary duty implicit in those fraudulent acts and sought compensatory or punitive damages for the injury that resulted.

The final cause sought the appointment of a receiver. Richardson, Cook, and Weaver moved for an order certifying the suit as a class action. Decision?

Reference no: EM131389489

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