Question
William G. Young was a director of Pool Builders Supply, Inc. (Pool Builders). Pool Builiders experienced financial difficulties and was forced to file for bankruptcy.
William G. Young was a director of Pool Builders Supply, Inc. (Pool Builders). Pool Builiders experienced financial difficulties and was forced to file for bankruptcy. Eddie Lawson was appointed the receiver for the creditors of the corporation. Lawson believed that Young had mismanaged the corporation. Lawson filed suit against Young and Pool Builders, alleging that Young used Pool Builders personally to obtain money, goods, and property from creditors on the credit of the corporation. Lawson's suit also alleged that Young had attempted to convert corporate assets for his own use. Young defended the suit for himself and the corporation. At trial, the judge found insufficient evidence to support Lawson's charges, and the suit was dismissed. Young then sought to have Pool Builders pay the legal fees he had incurred while defending the suit. Can Young recover this money from the corporation?
Please do fast and correct
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