Directors of a bank consult with legal, banking, and industry experts concerning a proposed merger. They set
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Directors of a bank consult with legal, banking, and industry experts concerning a proposed merger. They set up a directors’ subcommittee to investigate the merger and ultimately approve moving ahead after two months of deliberation. The day after the merger, the bank’s stock price drops substantially and shareholders lose nearly 30 percent of the value of their investment.
Will these directors be protected by the business judgment rule?
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Related Book For
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
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