These deals may represent a type of improper conduct usually referred to as breach of fiduciary duty. Such wrongdoing includes waste of your company`s assets, unfair business transactions with insiders or related entities, agreeing to a sale of your company at a price that doesn`t reflect its true value, or any other act that improperly robs a company or its shareholders of value. In such cases, a suit can be brought on behalf of the company and/or its shareholders to recover damages, or to ensure that shareholders are treated fairly.
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