Question: If possible can you state which law(s) would be necessary in answering in an IRAC method? 1. Digital Software, Inc. (DSI) is a successful software
If possible can you state which law(s) would be necessary in answering in an IRAC method?
1. Digital Software, Inc. (DSI) is a successful software company that develops and markets applications for smartphones. John, Mary, Paul are directors of DSI. At a board meeting, Paul, whos previous marketing strategies have all been successful, proposed a marketing strategy for DSIs newest product. He showed John and Mary a presentation with charts and other data demonstrating the likely success of the new strategy. Un-known to John and Mary, Paul had been running behind schedule for putting to-gether the presentation and had made up some of the data he included. John and Mary approved the new marketing strategy, which DSI implemented. Unfortunately, imple-menting the strategy caused DSIs profits to drop drastically. Two of DSIs shareholders file a derivative lawsuit alleging the directors breached their fiduciary duties to DSI and asking the court to find John, Mary, and Paul personally liable for DSIs losses. a. As to John and Mary, judgment for whom? b. As to Paul, judgment for whom?
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