But because few companies will bring a claim against one of their own directors, the law has, over the years, developed a mechanism that allows shareholders to force the company to seek redress. With the permission of the court, shareholders can bring a claim against a director in the name of the company.The claim is initiated and run by shareholders, but it is brought in the companyâs name and to recover the companyâs loss.ith the permission of the court, shareholders can bring a claim against a director in the name of the company. The claim is initiated and run by shareholders, but it is brought in the companyâs name and to recover the companyâs loss.
Hurricane Irene formed from a tropical wave on August 21, 2011 in the tropical Atlantic Ocean. It moved west-northwestward, and within an environment of light wind shear and warm waters. Shortly before becoming a hurricane, Irene struck Puerto Rico as a tropical storm. Thereafter, it steadily strengthened to reach peak winds of 120 mph (195 km/h) on August 24. Irene then gradually weakened and made landfall on the Outer Banks of North Carolina with winds of 85 mph (140 km/h) on August 27.
For the storm which affected the northeastern United States that year, see Northeastern United States Blizzard of 1978. The Great Blizzard of 1978, also known as the White Hurricane, was a historic winter storm that struck the Ohio Valley and Great Lakes regions from Wednesday, January 25 through Friday, January 27, 1978.