Analyze 4 real cases of directors liability and lessons learned Essay - 1

Analyze 4 real cases of directors liability and lessons learned - Essay ExampleThe initial case is a lawsuit concerning the chairman for a computer game participation. In this case, the director breached his duty of existence naivey beca employ the Korean Website club reported the computer game go with, 9Korea, together with the companys director. This complains represented many people who had problems with the company, because it was employ their personal residential registration number illegally. The residential claimed that the companys president was not honest because he was illegally using their identities to open up new accounts for the online game developer. Regarding this case, the court aver that the company together with its president should be the first party involved in campaigning against illegal use of other peoples names in online game registration. The courts also accused the company for being negligent by using other people real name together with their perso nal information, which modify more than 800 individuals without their permission. Therefore, the court posited that the corporation should reimburse every plaintiff a damage price of KRW 1, 000,000 (Loos 503). entropy case is about Atlantic Richfield Company (ARCO). A minor shareholder in the company called McMullin. Mr. Beran alleged this case, claiming that the chemical company director favors major shareholders when it comes to discussing the prices for chemical products. Mr. Beran claimed that the director failed to follow the required rules in implementing the prices, frankincense discriminating the needs of minor shareholders in the company. Regarding this matter, the court dismissed the case citing the fact that the plaintiff had mean to rebut the rule governing judgments, which is in place to cover all directors against liabilities. Mr. Beran filed this case because he believed that the companys director breached fiduciary duties that required him/her to perform his/her