The business judgment rule protects directors from personal liability if the board errs, but its protection is not unlimited.
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 ...
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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