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If I own Microsoft stock and the CEO is making an irrational business decision, I can file a derivate lawsuit. Which of the following statements
If I own Microsoft stock and the CEO is making an irrational business decision, I can file a derivate lawsuit. Which of the following statements is not true regarding such lawsuits?
A. | I must ordinarily make a written demand to file such a cause of action to the Board before filing my lawsuit. | |
B. | If I win, the damages will most likely go to the Company and not to me. | |
C. | I must act on behalf of the Company rather than in my personal capacity. | |
D. | A court must dismiss the lawsuit if the board thinks it is a bad idea. |
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