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Burwell v. Hobby Lobby Stores, Inc., 573 U.S. 682 (2014), is a landmark decision [1] [2] in United States corporate law by the United States Supreme Court allowing privately held for-profit corporations to be exempt from a regulation that its owners religiously object to, if there is a less restrictive means of furthering the law's interest, according to the provisions of the Religious Freedom ...
Hobby Lobby Stores, Inc., formerly Hobby Lobby Creative Centers, is an American retail company. It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. [ 1 ] The chain has 1,001 stores in 48 U.S. states.
The New York Times noted in March 2015 that state RFRAs became so controversial is due to their timing, context and substance following the Hobby Lobby decision. [29] Several law professors from Indiana stated that State Religious Freedom Restoration Acts like "Indiana SB 101" are in conflict with the U.S. Supreme Court's Free Exercise Clause ...
The Christian-based retail franchise Hobby Lobby argued that the mandate violated its free exercise of religion rights established by the First Amendment of the United States Constitution and affirmed in the Religious Freedom Restoration Act (RFRA).
Hobby Lobby Stores, Inc. (2014) [15] in their fight to exempt themselves from having to pay for four different drugs and devices they deemed as abortifacients. [16] The court ruled 5–4 in favor of Hobby Lobby, asserting that family owned businesses have a right to operate in accordance with their conscience. [17] [18] Becket also litigated ...
As a result of the case, Hobby Lobby agreed to return the artifacts and forfeit $3 million. U.S. Immigration and Customs Enforcement returned 3,800 items seized from Hobby Lobby to Iraq in May 2018. [2] In March 2020, Hobby Lobby president Steve Green agreed to return 11,500 items to Egypt and Iraq. [3] [4]
The US Supreme Court has also made it clear in Burwell v Hobby Lobby Stores Inc that shareholder value is not a default or overriding aim of corporate law, [139] unless a corporation's rules expressly opt to define such an objective. In practice, many corporations do operate for the benefit of shareholders, but this is less because of duties ...
This page was last edited on 9 January 2015, at 09:06 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...