Brief this using IRAC Issue Rule Analysis Conclusion this question.Answer using full sentences at least a paragraph per answer. (IRAC) Discuss all issues do not leave out any detailsDefine and discuss any principles of law, relevant to the question. Fully apply the given facts to the legal principles

Elon Tusk is the chairman, CEO, and the largest stockholder of an electronic car company called Model 3. He is also the founder and the largest shareholder of the company called SolarTown. As SoiarTown grew, it took on debt to cover the upfront costs of purchasing and installing solar panels. SolarTown allegedly faced a liquidity crisis. in addition, SolarTown was sued for alleged misappropriation of intellectual property and trade secrets. It was against this backdrop that Tusk allegedly began advocating for Model 3 to acquire SolarTown. Tusk proposed the transaction at three successive board meetings, and at the fourth meeting the board authorized its advisors to make an offer. The board did not consider acquisitions of any alternative targets. Tusk and another Model 3 director who also served on SolarTown's board recused themselves from the vote, but both remained for the entirety of the meeting while the potential acquisition was discussed, and Tusk led most of those discussions. Tusk's offer to acquire SolarTown valued the company at $2.6 to $2.8 billion, reecting a 21% to 30% premium. Allegedly, Tusk actively promoted the offer within Model 3 and used his public statements to establish an expectation of deal certainty that boxed in Model 3's board so that they had no choice but to follow through with the acquisition. Tusk's due diligence of SolarTown revealed liquidity issues as well as the fact that one of SolarTown's new manufacturing facilities was behind schedule, risking tax incentives from the State of New York. You are a shareholder of Model 3 Company. Please respond to the following by lRAC-ing every issue relevant to each question: 1. On what grounds can you bring a lawsuit against the company? In your response explain the duties Tusk. owes and also his defenses against your claims. Explain whether it matters ( and if so why it matters) that he has stakes in both companies. 2. Is this a direct or derivative claim? In your response explain your reasoning whether this is a direct or derivative claim. Also, in your response explain what steps you need to take to bring this lawsuit