Amy and Betty are the shareholders and directors of J Ltd (the Company) which sells textbooks to
Question:
Amy and Betty are the shareholders and directors of J Ltd (the Company) which sells textbooks to secondary schools. Recently Amy has noticed that a newly-emerged competitor, K Ltd, is selling strikingly similar books to customers of the Company. Amy is sure that that K Ltd has infringed the Company’s copyright. Amy also found that K Ltd is owned by Betty’s father. Amy reckons that the Company has lost a profit of at least $5 million as a result of what K Ltd did. Accordingly the value of Amy’s shareholding has dropped a lot. But Betty refuses to sue K Ltd for compensation. Amy wants to instruct a lawyer to help her prepare a legal action against K Ltd t but she does not want to use her own money.
Advise Amy how she can cause J Ltd to sue K Ltd for infringing its copyright.
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton