Introduction to the Law of Corporations: Cases and Materials
Gagliardi v. TriFoods International, Inc.
In this case, a stockholder brings suit to challenge a series of what turned out ultimately to be ill-advised board decisions. As in Shlensky, we see the degree of deference that courts will pay to a board's business judgment. The court in Gagliardi also offers up a rationale for why a high degree of deference for disinterested board decisions might generally be good policy.
683 A. 2d 1049
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