Years before lights were installed in Wrigley field in Chicago, Schlensky, a minority stockholder in the Chicago
Question:
Years before lights were installed in Wrigley field in Chicago, Schlensky, a minority stockholder in the Chicago National League Ball Club (Inc.), owner of the Chicago Cubs, sued the corporation and its board of directors, including Philip K. Wrigley. Wrigley also was president and owned about 80 percent of the voting stock. Schlensky alleged negligence and mismanagement for failure to install floodlights to permit night games. He claimed that funds for the installation could be obtained and would be far more than recaptured by increased ticket sales. Allegedly Wrigley thought that baseball was a daytime sport and that night games would have a negative effect on the neighborhood surrounding the ball park, and the other directors gave in. The trial court dismissed the complaint, and Schlensky appealed. How should the appellate court rule? (Schlensky v. Wrigley, 237 N.E.2d 776, Ill.)
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