- Stephanie Farokhi/
- Attorneys, Board of Directors, Business Formation, Business Law, California, California Law, Culver City Law, Employment Law, Legal, Litigation, Los Angeles, Los Angeles Law, Real EstateLaw, Shareholder Rights, Torrance /
Previously on our blog, we described what information members of a corporation’s Board of Directors can rely on in discharging their duties and explained how they can use the Business Judgment Rule ("BJR") as a defense to liability imposed in the event of an alleged breach of their duty of care. The use of the BJR as a defense by directors creates an obstacle to shareholders attempting to hold directors personally liable for a...
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