Association directors are unpaid volunteers serving their neighbors – so is it fair that they could be sued for their volunteer work? The Business Judgment Rule is the first thing any director should ...
Corporate directors have long relied on the “business judgment rule,” under which their decisions are presumed to have been made “on an informed basis, in good faith, and in the honest belief that the ...
In Maffei v. Palkon (TripAdvisor), --- A.3d ---, 2025 WL 384054 (Del. Feb. 4, 2025), the Delaware Supreme Court, sitting en banc, reversed the Delaware Court of Chancery’s decision applying the entire ...
Association directors are unpaid volunteers serving their neighbors — so is it fair that they could be sued for their volunteer work? The business judgment rule is the first thing any director should ...
A lawsuit against your company is never great news. In this case, not only had Citigroup suffered economic losses in the 2008 financial crisis, but the shareholders were also suing the company and the ...
The business judgment rule protects directors from personal liability if the board errs, and courts have repeatedly given wide deference to HOA decisions made within the rule. However, its protections ...
Matthew Eiben analyzes how two recent New York City laws impose new procedural and substantive limits on co-op admissions ...
The Nevada District Court recently clarified that the business judgment rule — a fundamental corporate law protection — applies to limited liability companies when their operating agreements specify ...
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