Search for: "Sinclair Oil Corp. v. Levien" Results 1 - 9 of 9
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13 Apr 2007, 10:01 pm
Gordon concludes, I think correctly, that these niceties are mostly beside the point:As with so many issues relating to the duties of directors, however, the exact formulation of the business judgment rule may not matter much because the important point is the directors are (almost) never liable.In any case, I tackled the question of the rationality versus reasonableness of a decision in my book Corporation Law and Economics, where I argued that:In Sinclair Oil Corp.… [read post]
13 Apr 2007, 11:36 am
" There is, of course, the oft-quoted statement from Sinclair Oil Corp. v. [read post]