In the Loudeye case, the court ruled that if the charter has an exculpatory clause, directors are
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In the Loudeye case, the court ruled that if the charter has an exculpatory clause, directors are not liable unless they are grossly negligent, motivated by an actual intent to do harm or intentionally disregard their responsibilities. Is that a reasonable standard?
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Related Book For
Business Law and the Legal Environment
ISBN: 978-1133587491
5th edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson
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