For each of the options below, determine whether the suit wo…

Questions

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

Fоr eаch оf the оptions below, determine whether the suit would be а direct suit by а shareholder: The Certificate of Incorporation of BLUE DEVIL Corp. requires the corporation to pay Class A shareholders twice the dividend of Class B shareholders. This year, however, BLUE DEVIL Corp. paid the same amount of dividends to shareholders of both classes. Anderson, a Class A shareholder, sues. Birkenstock is a director of BLUE DEVIL Corp. He is also the sole shareholder of LONGHORN Co. BLUE DEVIL agrees to buy LONGHORN for $5 million. Croc is a shareholder of BLUE DEVIL and thinks BLUE DEVIL is overpaying for LONGHORN. She sues Birkenstock and the other board members of BLUE DEVIL for breach of fiduciary duties.  The board of directors of BLUE DEVIL Corp. entered into a merger transaction with Hatters Corp. . Under the terms of the merger agreement, BLUE DEVIL Corp. merged into Hatters Corp. and the shareholders of BLUE DEVIL were cashed out at $55 per share. After the merger had been completed, Tuba, a shareholder of BLUE DEVIL, was unhappy with the transaction, believing that the company was worth substantially more than $55 per share. As a result, she sues the board for breach of its fiduciary duty. Ranum, the CEO of Matrix Development Inc. (MDI), purchased a parcel of property adjoining a shopping center owned by MDI. Porch, a shareholder of MDI, is unhappy with the transaction and sues Ranum for breach of fiduciary duty. Chumba Inc. is fined $100 million by the EPA for dumping hazardous waste. Ralston, a Chumba stockholder, sues the Chumba board for failure to provide adequate oversight.

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