Post by
ALLEGRA on Sep 25, 2010 10:37pm
Daniel broke his DUTY OF CARE !
Fiduciaries who act carelessly or recklessly like Mr. Wolf has done over the last 12 months is responsible for any resulting loss to the corporation and to the shareholders or other principals. Damages may be recovered in a civil action for negligence, mismanagement, or devalue of corporate value, including the market cap of the company. Corporate officers breach their duty of loyalty if they accept secret commissions, engage in a conflict of interest, personal gain or otherwise are disloyal. Corporate officers like Mr. Wolf who carelessly fail to prevent such conduct, or do not have proper legal representation for the safety of the shareholders would be in breach their duty of care.