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If the dispute is taken to court, it should be noted that all shareholders hold the right to
sue for wrongful acts. These rights will protect John from being exploited by Lesa and Trevor
since he is the one who contributed the most capital to the business. The court will determine that
all common shareholders hold the right to enjoy the company's profitability as long as they own
shares in the company. Based on the law, shareholders have some rights regardless of whether
the company is public or private (Harper James Solicitors, 2021). Moreover, different
shareholders can enjoy different rights as provided in the company’s articles. The special rights
of shareholders include weighted voting rights, a right to be informed before the company
decides to take a particular action, and the right that relates to the appointment of directors.
These rights can ...
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