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Question
Rewind Investments Inc. owns 90 percent of Swift Blades Inc. (SBI). Rewind's majority shareholders are also its directors and the directors of SBI. SBI's business is the design and assembly of wind-driven turbines. SBI is offered the opportunity to buy Typhoon Turbines, Inc., a competitor, but SBI's board turns it down. Within six months, Rewind buys Typhoon. Based on the court's reasoning in Notz v. Everett Smith Group, Ltd., a minority SBI shareholder could bringA.a claim against Typhoon's former directors.
B.a direct claim against SBI's majority shareholders.
C.a shareholder's derivative suit against Rewind.
D.no claim.
Answer
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