Was a controlling shareholder who induced the board of directors to pay greenmail liable as an aider
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Was a controlling shareholder who induced the board of directors to pay greenmail liable as an aider and abettor of the board’s breach of its duty to the company? Was it a breach of fiduciary duty for the shareholder to agree to abandon a derivative suit it had brought against the company as part of the greenmail transaction?
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The California Court of Appeal ruled in Heckman v Ahmanson 214 Cal Rptr 177 Cal App 1985 that the plaintiffs had demonstrated reasonable probability o...View the full answer
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Related Book For 
Managers and the Legal Environment Strategies for the 21st Century
ISBN: 978-0324582048
6th Edition
Authors: Constance E Bagley, Diane W Savage
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