\documentclass[10pt,a4paper]{article} % Packages \usepackage{fancyhdr} % For header and footer \usepackage{multicol} % Allows multicols in tables \usepackage{tabularx} % Intelligent column widths \usepackage{tabulary} % Used in header and footer \usepackage{hhline} % Border under tables \usepackage{graphicx} % For images \usepackage{xcolor} % For hex colours %\usepackage[utf8x]{inputenc} % For unicode character support \usepackage[T1]{fontenc} % Without this we get weird character replacements \usepackage{colortbl} % For coloured tables \usepackage{setspace} % For line height \usepackage{lastpage} % Needed for total page number \usepackage{seqsplit} % Splits long words. %\usepackage{opensans} % Can't make this work so far. Shame. Would be lovely. \usepackage[normalem]{ulem} % For underlining links % Most of the following are not required for the majority % of cheat sheets but are needed for some symbol support. \usepackage{amsmath} % Symbols \usepackage{MnSymbol} % Symbols \usepackage{wasysym} % Symbols %\usepackage[english,german,french,spanish,italian]{babel} % Languages % Document Info \author{daniya (daniya)} \pdfinfo{ /Title (company-law-derivative-claim.pdf) /Creator (Cheatography) /Author (daniya (daniya)) /Subject (Company Law | Derivative Claim Cheat Sheet) } % Lengths and widths \addtolength{\textwidth}{6cm} \addtolength{\textheight}{-1cm} \addtolength{\hoffset}{-3cm} \addtolength{\voffset}{-2cm} \setlength{\tabcolsep}{0.2cm} % Space between columns \setlength{\headsep}{-12pt} % Reduce space between header and content \setlength{\headheight}{85pt} % If less, LaTeX automatically increases it \renewcommand{\footrulewidth}{0pt} % Remove footer line \renewcommand{\headrulewidth}{0pt} % Remove header line \renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit % This two commands together give roughly % the right line height in the tables \renewcommand{\arraystretch}{1.3} \onehalfspacing % Commands \newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour \newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols \newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns \newcommand{\tn}{\tabularnewline} % Required as custom column type in use % Font and Colours \definecolor{HeadBackground}{HTML}{333333} \definecolor{FootBackground}{HTML}{666666} \definecolor{TextColor}{HTML}{333333} \definecolor{DarkBackground}{HTML}{432616} \definecolor{LightBackground}{HTML}{F9F8F7} \renewcommand{\familydefault}{\sfdefault} \color{TextColor} % Header and Footer \pagestyle{fancy} \fancyhead{} % Set header to blank \fancyfoot{} % Set footer to blank \fancyhead[L]{ \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{C} \SetRowColor{DarkBackground} \vspace{-7pt} {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}} } \end{tabulary} \columnbreak \begin{tabulary}{11cm}{L} \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Company Law | Derivative Claim Cheat Sheet}}}} \\ \normalsize{by \textcolor{DarkBackground}{daniya (daniya)} via \textcolor{DarkBackground}{\uline{cheatography.com/183845/cs/38321/}}} \end{tabulary} \end{multicols}} \fancyfoot[L]{ \footnotesize \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{LL} \SetRowColor{FootBackground} \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}} \\ \vspace{-2pt}daniya (daniya) \\ \uline{cheatography.com/daniya} \\ \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}} \\ \vspace{-2pt}Not Yet Published.\\ Updated 23rd April, 2023.\\ Page {\thepage} of \pageref{LastPage}. \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}} \\ \SetRowColor{white} \vspace{-5pt} %\includegraphics[width=48px,height=48px]{dave.jpeg} Measure your website readability!\\ www.readability-score.com \end{tabulary} \end{multicols}} \begin{document} \raggedright \raggedcolumns % Set font size to small. Switch to any value % from this page to resize cheat sheet text: % www.emerson.emory.edu/services/latex/latex_169.html \footnotesize % Small font. \begin{multicols*}{3} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{summary of facts}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- briefly state case facts} \tn % Row Count 1 (+ 1) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- mention issues at hand} \tn % Row Count 2 (+ 1) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- topics to which question relates} \tn % Row Count 3 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{general introduction}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{The majority rule pervades over much of company law, touching over the key issue of who owns \& controls the company (provisio Reg.3 + 4 of model articless). When simultaneously read with the doctrine of 'seperate legal personality' (SLP) laid in {\bf{{\emph{Saloman v. Saloman}}}}, the right to sue where the company sustains injury is bestowed upon the company itself - which will be the proper claimant ({\bf{Foss v. Hartbottle}}). As a concequence, individual shareholders (SH) cannot sue on the company's behalf as such a decison resides with executive body i.e.; the Board ({\bf{John Shaw \& Sons{[}Salford{]}}})} \tn % Row Count 12 (+ 12) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{Nonetheless, proper execution of the majority rule (in the passing of resolutions), results in all members becoming bound to it, regardless of their dissent. Additionally, the Court's non-interventionist policy in dealing with the internal management of companies - explained in {\bf{Carlen v Drury}} - has led to the dissenting minority being bound to the wiles \& wishes of the majority.} \tn % Row Count 20 (+ 8) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{In recognizing the potential of abuse, the law aims to find the right balance between the majority rule and protection of minority members.} \tn % Row Count 23 (+ 3) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{1. derivative claims}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- claim previously existed under common law but was inaccessible, unclear \& too restrictve} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- Law Commission (LC) recommended presevation of the sanctity of {\bf{Foss v. Hartbottle}} as it was sound but to refurbish the law of DC in line with modern pricniple through a codified procedural code} \tn % Row Count 6 (+ 4) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} {\emph{achieved via Part XI CA, 2006}}} \tn % Row Count 7 (+ 1) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{{\emph{s.260}}}} - action brought by member on company's behalf, seeking relief under the same} \tn % Row Count 9 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- when claim is granted leave by Courts, company joins as defendant (since Board presumably denied such action)} \tn % Row Count 12 (+ 3) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{2. section 260 (CA, 2006)}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- cause of action (CoA) primarly vested in company (refelct {\bf{Foss v. Hartbottle}})} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- pursued by member for compan'y benefit} \tn % Row Count 3 (+ 1) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- arising from D's {\bf{{\emph{\{\{counter\}\}.}}}} negligence {\bf{{\emph{\{\{counter\}\}.}}}} default or {\bf{{\emph{\{\{counter\}\}.}}}} breach of duties/ trust} \tn % Row Count 6 (+ 3) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} {\emph{breach principle extends scope of viable actions (compared to common law) by including D Duties, listed under Part X of Act)}} {\bf{most commonly applied s. 172 \& 174}}} \tn % Row Count 10 (+ 4) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{Pavlides v. Jensen}} - even where D acted in good faith \& hasn't personally gained, claim can be pursued} \tn % Row Count 13 (+ 3) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- action eiter against D} \tn % Row Count 14 (+ 1) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} or 3rd party who {\emph{dishonestly}} assisted D in breach} \tn % Row Count 16 (+ 2) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- D broadly defined (de jure, de facto shadow or former)} \tn % Row Count 18 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- immaterial whether SH became member to company after CoA had already occured} \tn % Row Count 20 (+ 2) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} hearing is a two-stage process (paper \& full-permission)} \tn % Row Count 22 (+ 2) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{{\emph{before claim proceeds, SH to be granted permission (leave) from Courts (s.261)}}}} (1st stage)} \tn % Row Count 25 (+ 3) % Row 11 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{1.}} paper hearing= courts consider evidence.} \tn % Row Count 26 (+ 1) % Row 12 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} - onus on member to estblish self {\emph{prima facie}} proper claimant otherwise Courts dismiss application ({\bf{Iesini v. Westrip Holding}})} \tn % Row Count 29 (+ 3) % Row 13 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- threshold relatively low here} \tn % Row Count 30 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{3. section 263 (CA, 2006)}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- criteria refered to by judges deciding claim procession as a {\bf{{\emph{derivative}}}} claim} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- criteria divided into mandatory \& discretionary bars. Both to be satisfied to proceed} \tn % Row Count 4 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{MANDATORY BARS}} {\bf{{\emph{s.263(2)}}}}} \tn % Row Count 5 (+ 1) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{\{\{counter\}\}.}} act/ omission yet to occur is already authorized} \tn % Row Count 7 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{\{\{counter\}\}.}} act/ omssion already occured has been authorized/ratified ({\bf{Re Singh Brothers Contractors}})} \tn % Row Count 10 (+ 3) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} authorization (\& maybe ratification) - requires {\bf{{\emph{full \& frank}}}} disclosure {\bf{{\emph{BEFORE}}}} authorization ({\bf{Cullen Investements v. Brown}} - SH be 'well-informed')} \tn % Row Count 14 (+ 4) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} ratification - 'wrong-doer' or related persons can't partake in voting({\bf{{\emph{s.239(4)}}}})} \tn % Row Count 17 (+ 3) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{\{\{counter\}\}.}} a D acting in accordance with s.172 would'nt continue the claim} \tn % Row Count 19 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} hypothetical D test (would he consider claim worth pursuing)} \tn % Row Count 21 (+ 2) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-arrow-right\}\} consider criteria in {\bf{Iesini v Westrip Holdings}}} \tn % Row Count 23 (+ 2) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} size of claim} \tn % Row Count 24 (+ 1) % Row 11 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} proceedings cost} \tn % Row Count 25 (+ 1) % Row 12 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} company's ability to fund proceedings} \tn % Row Count 27 (+ 2) % Row 13 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} defendant's ability to satisfy judgement} \tn % Row Count 29 (+ 2) % Row 14 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} impact on company if persued} \tn % Row Count 30 (+ 1) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{3. section 263 (CA, 2006) (cont)}} \tn % Row 15 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} would prosecuton damage company in other ways} \tn % Row Count 2 (+ 2) % Row 16 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} disruption in company's activities while proceedings occur} \tn % Row Count 4 (+ 2) % Row 17 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} is claim hiding personal vandetta} \tn % Row Count 6 (+ 2) % Row 18 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{DISCRETIONARY BARS}} {\bf{{\emph{s.263(3)}}}}} \tn % Row Count 7 (+ 1) % Row 19 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} requirement of 'good fatih'} \tn % Row Count 8 (+ 1) % Row 20 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} availability of alternate remedy} \tn % Row Count 10 (+ 2) % Row 21 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} claim {\bf{{\emph{u/s.994}}}} preferred by judges ({\bf{Franbar Holdings}}) (Mission Capital**)} \tn % Row Count 12 (+ 2) % Row 22 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} importance of claim given by 'notional D' in accordance with {\bf{{\emph{s,172}}}} ({\bf{Franbar}})} \tn % Row Count 15 (+ 3) % Row 23 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\emph{first 3 bars identified as crucial factors}} ({\bf{Kiani v. Cooper}})} \tn % Row Count 17 (+ 2) % Row 24 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} likelihood of authorization} \tn % Row Count 18 (+ 1) % Row 25 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} {\bf{Smith v. Croft}} - courts will have 'particular regard' to view of SH w/o any personal interest in claim} \tn % Row Count 21 (+ 3) % Row 26 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-caret-right\}\} whether company decided not to pursue claim} \tn % Row Count 23 (+ 2) % Row 27 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} if Board's decision based on 'wrong-doers' advice \{\{fa-arrow-right\}\} might influence judge against permission ({\bf{Kleanthous}})} \tn % Row Count 26 (+ 3) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{4. personal action}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- 2 hurdles need be crossed} \tn % Row Count 1 (+ 1) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{CAUSE OF ACTION}} ({\bf{{\emph{s.994}}}})} \tn % Row Count 2 (+ 1) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- Ds do not personally owe a duty to SH, as observed {\bf{{\emph{u/s.170}}}}} \tn % Row Count 4 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{but 3 exception give rise to such} \tn % Row Count 5 (+ 1) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{{\emph{Tort Law}}}}} \tn % Row Count 6 (+ 1) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- D gave SH negligent or dishonest advice} \tn % Row Count 7 (+ 1) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{Williams v. NLHF}} - "assumption of personal resposibility" for advice need be shown} \tn % Row Count 9 (+ 2) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} {\emph{takeover advice does not fall in this category ({\bf{Sharp v. Blank}})}}} \tn % Row Count 11 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{{\emph{Fiduciary Relationship}}}}} \tn % Row Count 12 (+ 1) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- 'sufficiiently close' relation \{\{fa-arrow-right\}\} owe fiduciary duties} \tn % Row Count 14 (+ 2) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- where D takes on {\emph{additional burden}} relating to SH ({\bf{Platt v Platt}})} \tn % Row Count 16 (+ 2) % Row 11 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{Allen v Hyatt}} - Ds are trustees of profit for SH's benefit} \tn % Row Count 18 (+ 2) % Row 12 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{Coleman v. Myers}} - selling/buying of shares taken on by D, FR formed} \tn % Row Count 20 (+ 2) % Row 13 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{fa-asterisk\}\} {\emph{takeover does not fall in this category ({\bf{Peskin v. Anderson}})}}} \tn % Row Count 22 (+ 2) % Row 14 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{{\emph{Special Contract}}}}} \tn % Row Count 23 (+ 1) % Row 15 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{- not employement contract but a special one b/w SH \& D} \tn % Row Count 25 (+ 2) % Row 16 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{Giles v Rhind}} - SH agreement where their responsibilites as D are also mentioned} \tn % Row Count 27 (+ 2) % Row 17 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{\{\{ac\}\} {\bf{REFLECTIVE LOSS BARRIER}}} \tn % Row Count 28 (+ 1) % Row 18 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{Sevilleja v Marex Financial}} - principle only applys to SH claims, not Creditors} \tn % Row Count 30 (+ 2) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{5.377cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{4. personal action (cont)}} \tn % Row 19 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{- where los is reflective of loss suffered by company itself, cannot sue ({\bf{Prudential Assurance}})} \tn % Row Count 2 (+ 2) % Row 20 \SetRowColor{white} \mymulticolumn{1}{x{5.377cm}}{{\bf{Jhonson v. Gore Woods}} - loss has to be seperate from any suffered by the company (i.e.; company suffered no loss as a result of that suffered by SH)} \tn % Row Count 6 (+ 4) % Row 21 \SetRowColor{LightBackground} \mymulticolumn{1}{x{5.377cm}}{{\bf{Marex}} - can only apply to claim brought by SH in his {\bf{{\emph{capacity as SH}}}}} \tn % Row Count 8 (+ 2) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} % That's all folks \end{multicols*} \end{document}