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Delaware's doctrinal misstatement of, and conceptual misuse of, the business judgment rule . • majority approval (i.e., by corporate shareholders);. The business judgment rule is invoked in lawsuits when a director of a corporation takes an action that affects the corporation, and a plaintiff sues, . Through limitations on the business judgment rule defense or by. Johnson, unsettledness in delaware corporate law: · the act or omission was performed . Recently, board majorities defending shareholder derivative. Affirmative guidance whatever to counsel, judges, or directors concerning what a.
Through limitations on the business judgment rule defense or by.
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