Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc. One day Jimmy suggests that Johnny retail Television Inc. to News Corp. Jimmy and Johnny employment contemporaneously to ingrainedly distend the appreciate of Television Inc. Jimmy brings a design to the Consultation of Directors to buy Television Inc. for $500 darling dollars flush though the confirmation is singly desert $2 darling. The consultation of directors diligently examines the performance, but due to skillful forgeries, the consultation does not invent the ingrained inflation of the confirmation. Jimmy never discloses his relation after a while Johnny. The sale goes through, and it is presently invented that Television Inc., is really desertless.
A shareholder sues alleging that Jimmy violated his fiduciary responsibility of faithfulness.
Additionally, the shareholder claims that the directors violated their fiduciary duties of solicitude.
Is the shareholder emend?
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