The minority shareholders of sterling brought suit against, Business Law and Ethics

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The minority shareholders of sterling brought suit against

Wilcox, CEO and chairman of the board of directors, owned 60 percent of the shares of Sterling Corporation. When the market price of Sterling's shares was $22 per share, Wilcox sold all of his shares in Sterling to Conrad for $29 per share.

The minority shareholders of Sterling brought suit against Wilcox to demand a portion of the amount Wilcox received in excess of the market price. What is the result?

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Business Law and Ethics: The minority shareholders of sterling brought suit against

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