Cause of Action Case for breach of Fiduciary duty. An executor should ensure that they are keeping beneficiaries, heirs, and creditors apprised of the status of the estate and the probate process, especially when they are obligated by court order. The plaintiff must prove that the defendant failed their duty by withholding pertinent information, by misappropriating funds, abusing their position of influence, failing in their responsibilities or misrepresenting the statement of fact. What You Should Know! Plaintiffs allege, on information and belief, that this precipitous decline is due to the mismanagement of the Company by Defendants, and their attempts to disenfranchise Company stockholders and entrench themselves. On April 22, 2020, Plaintiff filed a complaint for Breach of Contract, Breach of Covenant of Good Faith and Fair Dealing, Declaratory Relief, Fraud, Breach of Fiduciary Duty, Constructive Fraud, Professional Negligence, and Misrepresentation. ) JOHNATHAN CHEE, an individual; ) BENJAMIN CHIJNG, an individual; ) YUN J. The Company focuses primarily on wireless well as the Company, a duty of highest good faith, fair dealing, loyalty and full, candid and adequate disclosure, as well as a duty to maximize shareholder value. Documentation of suspicious activity is needed. This includes behavior that would benefit the fiduciary with regards to the subject being dealt with. Such further and other relief as this Court deems just and proper. Directors and/or officers may not take any action that: (a) adversely affects the value provided to the corporations shareholders; (b) favors themselves or will discourage or inhibit alternative offers to purchase control of the corporation or its assets; (c) contractually prohibits them from complying with their fiduciary duties; (d) will otherwise adversely affect their duty to search and secure the best value reasonably available under the circumstances for the WHEREFORE, Plaintiff demands judgment against Defendants jointly and severally, as follows: (A) declaring this action to be a class action and certifying Plaintiff as the Class representatives and their counsel as Class counsel; (B) enjoining, preliminarily and permanently, the Proposed Transaction; (C) in the event that the transaction is consummated prior to the entry of this Courts final judgment, rescinding it or awarding Plaintiff and the Class rescissory damages; (D) directing that Defendants account to Plaintiff and the other members of the Class for all damages corporations shareholders; and/or. Check one box below for the case type that best describes this case: Auto Tort Auto (22) Uninsured motorist (46) previously unannounced record date of October14, 2011 for voting shares of Franklin Common Stock at the annual meeting, the earliest date permitted under the Companys Bylaws. The market has made it clear that it does not time and resources to make a competing bid that Acresso can simply match. As set forth above, the Individual Defendants have breached their fiduciary duty through materially inadequate disclosures and material disclosure omissions.

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