Overview
You are the Board president of TermiRoach, Inc. a large corporation that is in the business of manufacturing chemical products used to exterminate roaches and other household pests. TermiRoach is incorporated in Delaware, with its principle place of business in DC. You have just reviewed a confidential report, prepared by one of your top scientists, questioning the effectiveness of the product and the claims your buinsess has been making to homeowners, pesticide treatment firms, and the general public. You have heard rumors that a lawsuit will be filed shortly against your corporation that this product is ineffective.
Keeping in mind your fiduciary duties of loyalty and due care, business ethics, and the law:
- Who should you turn to for advice? Why?
- Should you destroy the report? Why?
- In which court can a lawsuit be filed?
- If you lose the lawsuit at trial, can you appeal?
This assignment should also conform to the following parameters:
- No longer than 1 page
- 12 point font
- 1 inch margings
- Times New Roman font