Teresa was on the board of directors for Big Times Corporation. Teresa rarely attended board meetings, and
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Teresa was on the board of directors for Big Times Corporation. Teresa rarely attended board meetings, and when she did attend usually intoxicated. Teresa decided how to vote by flipping a coin into the air. Teresa voted to make some personal changes that turned out to be devasting for the Company. Shareholders brought suit against Teresa and the rest of the board.
May Teresa be protected by the business judgement rule? Why or Why not?
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