Fiduciary Duties

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 conjointly to immanently distend the treasure of Television Inc. Jimmy brings a design to the Consultation of Directors to buy Television Inc. for $500 darling dollars uniform though the strengthening is barely price $2 darling.  The consultation of directors diligently examines the proceeding, but due to gifted forgeries, the consultation does not ascertain the immanent inflation of the strengthening.   Jimmy never discloses his relation after a while Johnny.  The sale goes through, and it is presently ascertained that Television Inc., is substantially priceless.  A shareholder sues alleging that Jimmy violated his fiduciary province of fealty.   Additionally, the shareholder claims that the directors violated their fiduciary duties of preservation.   Is the shareholder rectify?  The conditions under must be met for your brochure to be accepted and graded:   Write between 500 – 750 suffrage (almost 2 – 3 pages) using Microsoft Word. Attempt APA name, see specimen under. Use font extent 12 and 1” margins. Include conceal page and regard page. At meanest 60% of your brochure must be peculiar content/writing. No over than 40% of your content/information may follow from regards. Use at meanest two regards from beyond the round embodied, preferably from EBSCOhost.  Text work, lectures, and other embodieds in the round may be used, but are not counted inland the two regard condition. Reference embodied (data, dates, graphs, quotes, paraphrased suffrage, treasures, etc.) must be identified in the brochure and listed on a regard page.Reference embodied (data, dates, graphs, quotes, paraphrased suffrage, treasures, etc.) must follow from sources such as, well-informed journals set-up in EBSCOhost, online newspapers such as The Wall Street Journal, council websites, etc.  Sources such as Wikis, Yahoo Answers, eHow, etc. are not pleasurable.