by R. Shawn McBride | Feb 13, 2017 | Business Management, Uncategorized
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Having a Board of Directors: Three Things to Consider. He examines how companies are using a board of directors for advice. You can see the full...
by Staff of the Firm | Aug 11, 2016 | Business Management, Maryland Law update, Uncategorized
In Oliveira v. Sugarman,[1] the Court of Special Appeals of Maryland said that, in reviewing corporate decisions made by a board of directors, it needs to consider the business judgment rule—a presumption that the board acted on an informed basis, in good faith, and...
by Staff of the Firm | Aug 4, 2016 | Business Management, Maryland Law update, Uncategorized
In Oliveira v. Sugarman,[1] two shareholders of iStar Financial Inc. (“iStar”), a Maryland corporation, sued former and current members of the company’s board of directors and senior management regarding employee compensation plans. In 2009, iStar approved an...
by Staff of the Firm | Jul 28, 2016 | Business Management, Maryland Law update, Uncategorized
In our previous blog series on Texas Double-Derivative Shareholder Suit, we introduced the concept of business judgment rule—the presumption that directors or managers, in performing their functions, were honest and well-meaning and that their decisions were informed...
by Staff of the Firm | Apr 21, 2016 | Business Management, Delaware Law Update, Disagreement, Minority Shareholders, Uncategorized
In Calesa Associates, L.P. v. American Capital, Ltd., a group of minority stockholders of Halt Medical, Inc. (the “company”) filed a lawsuit for breaches of fiduciary duty in connection with a corporate transaction against current and former directors of the company...
