Posted: September 27th, 2022

A shareholder sues to allege that Jimmy violated his fiduciary duty of loyalty. Additionally, the shareholder claims that the directors violated their fiduciary duties of care. Is the shareholder correct? Explain why you think they are or are not correct.

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The requirements below must be met for your paper to be accepted and graded: The body of the paper must be 500-750 words (approximately two to three pages) using Microsoft Word. Word count/number of pages does NOT include a title page, references, etc.
Use APA format; include a title and references page – You do NOT need an abstract page.
Use Times New Roman font size 12 and one-inch margins
Must be submitted as an MS Word document
Include a title page and reference page (not included in word count)
Use at least two references from outside the course material, preferably from EBSCOhost. Textbooks, lectures, videos and other materials in the course may be used, but are not counted toward the two reference requirement.
Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page. Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable. This assignment WILL be checked with Turnitin. You may want to check it yourself first. Resources:
Library, Research & APA
APA Citation Style Guide
APA Paper Template
TurnItIn & Plagiarism Written Assignment Rubric 50 Points
Look at the situation below. Refer to Chapters 29 through 31 in your textbook and review the PowerPoints. Remember you must use at least two references from outside the course material, preferably from EBSCOhost. Textbooks, lectures, videos, and other materials in the course may be used, but are not counted toward the two reference requirement. Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc. One day Jimmy suggests that Johnny sell Television Inc. to News Corp. Jimmy and Johnny work together to radically inflate the value of Television Inc. Jimmy brings a proposal to the Board of Directors to buy Television Inc. for $5 million dollars even though the corporation is only worth $1 million. The board of directors diligently examines the transaction, but due to clever forgeries, the board does not discover the radical inflation of the corporation. The sale goes through, and it is shortly discovered that Television Inc. is, in fact, only worth $1 million.
A shareholder sues to allege that Jimmy violated his fiduciary duty of loyalty. Additionally, the shareholder claims that the directors violated their fiduciary duties of care. Is the shareholder correct? Explain why you think they are or are not correct.

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