The question is based in the US. and is hypothetical

1.Tim Atkinson is a city councilman and board member of Bloom Inc. Tim, while acting in his capacity for the city, learns that a division of Bloom is about to purchase a fairly sizeable tract of land in his town including a small piece of property that Tim owns and placed up for sale two years ago. Tim does nothing in either of his jobs to help promote that his land be purchased in the company's deal except to vote that the deal go forward in the Board meeting. Subsequently, the land is purchased by Bloom, and a shareholder sues the firm for wasting assets after the firm discovers that the property adjacent to the one that Tim owned that was included in the purchase, had a major environmental liability attached. In this situation:

A) What claim(s) would the shareholder have against Tim? Explain.

B) Also, discuss if Tim could have avoided any such claim/liability at all. Explain. (3 points)