Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9781337374835
Author: CROSS
Publisher: CENGAGE L
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Chapter 18, Problem 4RE
Summary Introduction
Case summary: Person DB was a director in the company FBF which owned a branch of fitness club in Mexico. DB owned 15 percent of the total stock of the company FBF and was also holds the position of tanning technician at one of the fitness clubs in the city. According to the finance report, the company FBF was facing financial loss. ML discussed the terminating the tanning operation. DP who was one of shareholder discloses that DB owned stock in S from which FBF purchased its tanning equipment. DB and MV owned 37 percent of FBF also held shares of S voted to replace, ML from the board of directors
To find: The lawsuit filed by DP against DB when no action is taken against DB.
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