Question: Daniel Cowin was a minority shareholder of Bresler & Reiner, Inc., a public company that...

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Question: Daniel Cowin was a minority shareholder of Bresler & Reiner, Inc., a public company that developed real estate in Washington, D.C. He alleged numerous instances of corporate mismanagement, fraud, self-dealing, and breach of fiduciary duty by the board of directors. He sought damages for the diminished value of his stock. Could Cowin bring this suit as a direct action, or must it be a derivative suit? Strategy: If the wrong was to the corporation, then Cowin must bring a derivative lawsuit. He can only bring a direct action if the harm was to him personally. (See the "Result" at the end of this section.)