BUS 018 Lecture Notes - Lecture 8: Action Action, Parks Canada, Fiduciary

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 018
• Professor: Baiza

Document Summary

Issue shares to investors but in some cases the companies decide to go public. All of the trading that takes place is on a secondary market. They are all directors and 1/3 shareholders. Were a, find out that b and c are profiting on the side and it"s hurting me. I can have a directors meeting, wont do anything, lose 2 to 1. I can have a shareholders meeting wont win lose 2 to 1. When best is corporation orders its assets to shareholders and closes the company. Ask for permission to ask for a derivate action. Action brought by a shareholder on behalf of the corporation against the director. Your honor, this is what is happening i asked the corporation to sue them but has refused i would like permission to commence a lawsuit in the name of the corporation against b and c. 3- appraisal and dissent but ill be the one directing it.