Wonder Corporation has an opportunity to buy stock in XL, Inc. The directors decide that, instead of

Question:

Wonder has an opportunity to buy stock in XL, Inc. The directors decide that, instead of Wonder buying the stock, the directors will buy it. Yvon, a Wonder shareholder, learns of the purchase and wants to sue the directors on Wonder's behalf. Can she do it? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...