Who are the Plaintiffs and who are the Defendants? Why? What are the defenses, if any, of Rico or Christina?
The Case of the Director Who Wore Too Many Hats Christina is one of 5 directors of Rico Investments Corporation. She is also a majority shareholder holding both common and preferred stock. Her stock with voting rights amounts to 47% of all stock issued with voting rights. Christina buys, for $1,500, an option to purchase […]