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How would you articulate the shareholders’ claims that the behavior of its officers and directors amounted to harm to the corporation?

Read the case McSparran v. Larson on pages 23 thru 25 in the textbook. Defendants argued that there were no damages to CEC, despite allegedly high legal fees and diminished business reputations. How would you articulate the shareholders’ claims that the behavior of its officers and directors amounted to harm to the corporation?

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