Shareholder Says Directors Cannot Hide Behind Business Judgment Rule

Shareholder Says Directors Cannot Hide Behind Business Judgment Rule

CHICAGO - A shareholder arguing that she has rebutted a group of corporate directors' argument that they used sound business judgment in awarding certain compensation to the corporation's executives contended in an Illinois federal court on May 4 that her complaint adequately brings a claim of breach of loyalty (Natalie Gordon v. William M. Goodyear, et al., No. 12-cv-00369, N.D. Ill.).

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