Shareholder Suits: Strougo v. Bassini

Discuss the topic of shareholder suits.

Summarize the facts of the case “Strougo v. Bassini: United States Court of Appeals, Second Circuit, 2002, 282 F.3d 162.” What was the issue with the law that the court was considering? How was the law applied in this case? What can you say about the conclusion of the court?