Does Halbert, as dominant stockholder and chair of the board, have a fiduciary duty to the shareholders?

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Does Halbert, as dominant stockholder and chair of the board, have a fiduciary duty to the shareholders? If so, did he violate that duty by selling a controlling block of stock to outside purchasers at a price not made available to the minority group of shareholders?

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The minority shareholders alleged that Halbert was a triple fiduciary majority shareholder director and officer As such they argued Halbert owed a dut...View the full answer

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Managers and the Legal Environment Strategies for the 21st Century

ISBN: 978-1111530631

7th edition

Authors: Constance E. Bagley

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Question Posted: Mar 17, 2016 03:57 AM

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Does Halbert, as dominant stockholder and chair of the board, have a fiduciary duty to the shareholders?

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The minority shareholders alleged that Halbert was a triple fiduciary majority shareholder director and officer As such they argued Halbert owed a dut...View the full answer

Managers and the Legal Environment Strategies for the 21st Century

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