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.
Hurricane Sandy - October 29, 2012. Summary: Hurricane Sandy was the 18th named tropical cyclone of the 2012 Atlantic hurricane season (June 1 - November 30). Sandy formed in the central Caribbean on October 22nd and intensified into a hurricane as it tracked north across Jamaica, eastern Cuba and the Bahamas. Sandy moved northeast of the United States until turning west toward the mid Atlantic coast on the 28th. Sandy transitioned into a post-tropical cyclone just prior to moving onshore near Atlantic City, NJ. For a complete summary of Sandy, view the National Hurricane Center Sandy Tropical Cyclone Report.