Posts Tagged ‘business judgment rule’
Court Holds Business Judgment Rule Does Not Protect Officer’s Decisions
The business judgment rule insulates directors from liability from bad decisions if certain conditions are met. A recent U.S. District Court opinion holds that the business judgment rule does not apply to corporate officers. Federal Deposit Insurance Corp. v. Perry In Federal Deposit Insurance Corp. v. Perry (C.D. CA December 13, 2011) (Case No. CV…
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