Monday, August 21, 2017 10:59:56 AM
It is my understanding that KK may direct settlement funds to the betterment, or growth, of GERS; however, I do not believe KK is entitled to pocket the settlement for his personal benefit.
This all stems from the classic Dodge v. Ford Motor Company decision. It is my understanding this decision has been modified from benefits to shareholders to benefits to the betterment of the company. However, benefits for personal gain is still prohibited.
My opinion; feel free to have your attorney look into this.
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