Wood is a senior vice president of Soda Sales Corp., a Delaw…
Wood is a senior vice president of Soda Sales Corp., a Delaware corporation (“SSC”). Wood is offered the opportunity to buy a new soda recipe for SSC from Ivan Inventor. Wood does buy the recipe for SSC, but, unfortunately, the recipe is a flop, and SSC loses $2 million on the transaction. N. Gree, an SSC shareholder learns of Wood’s actions and is upset. N. Gree wants to sue and allege that Wood was negligent in purchasing the recipe. What type of action would be most likely to succeed?