Law

Business Unusual: Recent Applications of New York's Business Judgment Rule

Although the business judgment rule provides broad protections, it is not absolute and can be overcome when directors' actions fall outside of the bounds of acceptable corporate behavior. In her ...
Inc

How to Shield Yourself in Shareholder Lawsuits by Using the Business Judgment Rule

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 ...
Law

Del. Supreme Court Emphasizes Certainty and Predictability in Applying Business Judgment Rule to Reincorporation Decisions

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 ...
The National Law Review

Delaware Supreme Court Applies the Business Judgment Rule to Fiduciary Duty Claims Related to Reincorporation Out of Delaware

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