Question: Please answer in 3-4 direct sentences. FOLLOW THIS FORMAT: Wether or not Young can recover. The reason why Young can or cannot recover. This is

Please answer in 3-4 direct sentences. FOLLOWPlease answer in 3-4 direct sentences.

FOLLOW THIS FORMAT:

Wether or not Young can recover. The reason why Young can or cannot recover. This is the legal theory supporting why Young can or cannot recover.

Case 9.7 Indemnification William G. Young was a director of Pool Builders Supply, Inc. (Pool Builders). Pool Builders experienced financial difficulties and was forced to file for bankruptcy. Eddie Lawson was appointed the receiver for the creditors of the corporation. Lawson believed that Young had mismanaged the corporation. Lawson filed a suit against Young and Pool Builders, alleging that Young had used Pool Builders personally to obtain money, goods, and property from creditors on the credit of the corporation. Lawson's suit also alleged that Young had attempted to convert corporate assets for his own use. Young defended the suit for himself and the corporation. At trial, the judge found insufficient evi- dence to support Lawson's charges, and the suit was dismissed. Young then sought to have Pool Builders pay the legal fees he had incurred while defending the suit. Can Young recover this money from the corporation? Lawson v. Young, 486 N.E.2d 1177 (Ohio Ct. App. 1984)

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