Search results
Results From The WOW.Com Content Network
Van Gorkom 488 A.2d 858 (Del. 1985) [1] is a United States corporate law case of the Delaware Supreme Court, discussing a director's duty of care. It is often called the "Trans Union case" . Van Gorkom is sometimes referred to as the most important case regarding business organizations because it shows a unique scenario when the board is found ...
Generally where a claim of directorial liability for corporate loss is predicated upon ignorance of liability created activities within the corporation, as in Graham or in this case, in my opinion only a sustained or systematic failure of the board to exercise oversight – such as an utter failure to attempt to assure a reasonable information ...
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
That the director defendants knew of signs of a deterioration in the subprime mortgage market, or even signs suggesting that conditions could decline further, is not sufficient to show that the directors were or should have been aware of any wrongdoing at the Company or were consciously disregarding a duty somehow to prevent Citigroup from ...
Thus, if in the case of a company the board of directors who have "actual" authority under the memorandum and articles of association to manage the company's business permit the agent to act in the management or conduct of the company's business, they thereby represent to all persons dealing with such agent that he has authority to enter on ...
Here are 2022's top legal cases in business. December 28, 2022 at 1:55 PM. Precedent-setting legal battles played out across the country in 2022, laying out new rules and expectations for ...
A U.S. labor board issued a complaint accusing Apple of violating employees' rights to organize and advocate for better working conditions by maintaining a series of unlawful workplace rules. The ...
Directors' decisions are typically protected under the business judgment rule, unless they breach one of these duties or unless the decision constitutes waste. A breach of fiduciary duty will typically remove a director's decision from business judgment protection and require that the director show entire fairness.