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Tri R Angus, Inc., a closely held corporation, was owne 80 percent by Jon and Fances Neiman, who were also directors of Tri R Angus. Troy Neiman and Carol Lewis owned 12 percetn of Tri R Angus's shares. Troy an Carol asked a court to remove Jon and Frances as diectors of the corporation on the grounds that they authorized Tri R Angu to distribute its assets in violation of state law, inappropriately mortgaged or sold corporate assets, misused corporate earnings, and wasted corporate assets. Jon an Frances denited the allegations. At trial, Troy and Carol entered as evidence pleadings from other actins against Jon and Frances and intrduced no objective evidence of currnet conduct by Jon or Frances What standard of misconduct did the court require Troy and Carol to prove in order to remove Jon and Frances? Did the court find they had proced their case?

Operation Management, Management Studies

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