Blawg Search - Law Blogs, Lawyer Blogs, Legal Blogs Directory & Search Engine

... court found that plaintiffs met the standard in what can only be viewed as surprising analysis. One of the directors was Michael B. Targoff, the CEO and vice chairman of the board. The evidence for a lack of independence? In a letter to its investors, ... needed none of that level of specificity. The opinion contains no information on the amount of space, the net worth of Targoff, the square footage, or anything else that suggests the type of material impairment necessary to deprive a director of ...