Robyn and his eight friends bought shares in company XYZ.Since it was their first time investing in a company, they became minority shareholders and did not closely follow the actions of that company.Three months later, they each received a letter stating the company planned to eliminate all minority shareholders as of that day.Robyn believes they are entitled to some form of remedy for XYZ's actions.Which of the following is the best course of action for Robyn and his friends?
A) Robyn and friends should ignore this because minority shareholders can be eliminated without notice.
B) Robyn and friends should sue the company for its total value in shares.
C) Robyn and friends should each individually ask the courts for permission to take derivative action.
D) Robyn and friends should simply send a letter asking for at least half of their share value.
E) Robyn and friends should file a class action claim for an oppression remedy.
Correct Answer:
Verified
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