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In CASE 20

Question 51

Multiple Choice
In CASE 20.5 Third Point LLC v.Ruprecht (2014),the Delaware Court of Chancery considered whether the __________ had breached its __________ duty when it adopted a(n)__________ stock rights plan in response to an activist hedge-fund's increased holdings in the company's stock.

In CASE 20.5 Third Point LLC v.Ruprecht (2014) ,the Delaware Court of Chancery considered whether the __________ had breached its __________ duty when it adopted a(n) __________ stock rights plan in response to an activist hedge-fund's increased holdings in the company's stock.


A) board of directors, fiduciary, two-tiered
B) CEO, fiduciary, poison-pill
C) board of directors, loyalty, poison-pill
D) board of directors, fiduciary, poison-pill

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