Given red flags, old-age home's directors not shielded under business judgement rule.
Whether board members benefited personally is a matter for trial - determines whether the adverse interest exception to in pari delicto applies.
In Re: Lemington Home
Recent Precedential Slip Opinions from the U.S. Circuit Courts of Appeals.
Thursday, September 22, 2011
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Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.
Author's SSRN page here.