Several Retirement Funds That Own Shares in News Corp

question 132

Multiple Choice

Several retirement funds that own shares in News Corp.,Inc.,have filed suit against Rupert Murdoch,the chairman of the board and CEO of News Corp.,alleging that Mr.Murdoch had the board approve the purchase of his daughter's company for $675 million.Part of the purchase deal included putting Murdoch's daughter on the News Corp.board.Which would be the best theory for recovery by the retirement funds?

• A)Insider trading
• B)Violation of the corporate opportunity doctrine
• C)Violation of the business judgment rule
• D)Breach of fiduciary duty

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Definitions:

Parasympathetic Responses

Parasympathetic responses are reactions mediated by the parasympathetic nervous system, involved in rest, digestion, and energy conservation activities in the body.

Autonomic Reflexes

Involuntary bodily functions mediated by the autonomic nervous system, such as heart rate, digestion, and respiratory rate.

CNS

Central Nervous System, the part of the nervous system consisting of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.

ANS Responses

Physiological reactions mediated by the autonomic nervous system, controlling involuntary functions like heart rate and digestion.