Gussie, a shareholder of Nitty, Inc., asks the board of directors to sue 10 of its 15 directors who she alleges have looted the corporation over the last 3 years.  The board of directors would like not to sue the alleged wrongdoers.  What specificprocedures should the board follow to ensure that Gussie may not successfully prosecute a derivative suit?

Answer rating: 100% (QA)

it is necessary for the board to choose disinterested but sympathetic ... View the full answer