Business and commercial law | Accounting homework help

 
   

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Sue and Peggy have a successful incorporated business. They have a chain of high-end food stores in their region of the country. As they’ve grown, they have expanded the number of chairholders, taken the company public, and introduced a functioning board of directors. One of the directors, Philip, knew that Peggy and Sue were trying to exclusively carry a new brand of fancy peanut butter that was all the rage. He negotiated on the side with the makers to carry the brand in his stores, cutting Sue and Peggy out of the market. 

What did Philip do? 

Who are the possible plaintiffs in a suit against him?