Skip to Content

“Court Holds That the Business Judgment Rule Does Not Apply to Protect the Decisions of Corporate Officers in California”

On May 1, 2012 by Schnader

Kathryn N. Richter, partner in the Firm’s San Francisco office, authored the article “Court Holds That the Business Judgment Rule Does Not Apply to Protect the Decisions of Corporate Officers in California” which was published in the Spring 2012 edition of Legal Insights, a publication from Chartis, Inc. The article discussed a recent decision in which a federal district court applying California law rejected the argument that corporate officers are shielded from personal liability by the Business Judgment Rule and the effects it may have on corporate officers whose corporations are doing business within the State of California.