The business judgment rule protects directors from personal liability if the board errs, but its protection is not unlimited.
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 ...
Outside Counsel 'Modified' Business Judgment Rule for Going-Private Transactions Scott M. Himes writes that in its recent opinion in 'In re Kenneth Cole Productions, Inc., Shareholder Litigation', the ...
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