Shareholders claim for demand futility under aronson


Question: Shareholder, a small shareholder of a large, publicly traded Delaware corporation, has a strong derivative claim against the corporation's directors for breach of their fiduciary duty of loyalty. Which of the following factors is MOST likely to prove effective in Shareholder's claim for demand futility under Aronson? Group of answer choices The directors all approved the transaction being challenged. The directors were all appointed by the company's majority shareholder, who is the primary defendant in the lawsuit. The directors are all named defendants in the lawsuit. The transaction being challenged would likely flunk the business judgment rule.

 

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Business Law and Ethics: Shareholders claim for demand futility under aronson
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