City of Fort Myers General Employees' Pension Fund v. Haley

5/20/2025 pdw

This case focuses on the duty of candor between fiduciaries. We've already learned that there isn't typically an affirmative duty to communicate with shareholders absent some statutory requirement. Does the same apply between members of the board? Should they have an obligation to affirmatively speak up if they know something material that could affect the board's action?

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