Gussie, a shareholder of Nitty, Inc., asks the board of directors to sue 10 of...
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Accounting
Gussie, a shareholder of Nitty, Inc., asks the board of directors to sue 10 of its 15 directors who she alleges have looted the corporation over the last 3 years. The board of directors would like not to sue the alleged wrongdoers. What specific procedures should the board follow to ensure that Gussie may not successfully prosecute a derivative suit?
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