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Answer the following question in IRAC form: Hank worked for HGC Corporation as the Treasurer....

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Accounting

Answer the following question in IRAC form:

Hank worked for HGC Corporation as the Treasurer. Before leaving the Corporation Hank embezzled $500,000 from HGC. Thus far Clarence, the Chairman of the Board and Hank's uncle, has kept the Board from "going after" Hank. Only a year remains in the statute of limitations before HGC can not legally pursue action against Hank.

A) Allison is a shareholder. She and other shareholders come to you for advice as to what they may do to file against Hank. What do you advise? Explain.

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