Legal issue regarding the aforementioned fact pattern

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a. Robert was a Board Member of the Board of Directors at Starbucks, LLC. He enjoyed several plush privileges, including monetary compensation and free coffee. However, Robert was very busy and unable to invest much time into the company. There was a huge meeting coming up regarding whether Starbucks, LLC should acquire a smaller coffee dealer called Super Cup. Prior to the big meeting, Robert did not have time to read the prospectus, converse with the experts, legal counsel, or perform any other due diligence. He ended up voting for the acquisition and Starbucks fortunately made a lot of money from the deal. Please discuss the most pertinent legal issue regarding the aforementioned fact pattern.

b. Robert was also asked to speak at the annual meeting of Dunkin Donuts. He was concerned about whether this was appropriate and pondered whether to ask the Board of Directors if it was okay. Robert spoke at the annual meeting for Dunkin Donuts and was paid a handsome $50,000. Please discuss the most pertinent legal issue regarding the aforementioned fact pattern.

Reference no: EM132057041

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