Aronson v. Lewis

Updated 10/25/2023

Paul Weitzel,

Paige G. DuRandt,

Lauren M. Kubat,

Jacob H. Owens, CPA

Aronson v. Lewis involves a stockholder suing the board because it hired a 47% shareholder as a consultant, paying him the "grossly excessive" salary of $150,000 per year. In present-day dollars that's about half a million.

But the facts of Aronson v. Lewis are less relevant than the language, which is the gold standard description of the business judgment rule.

Delaware Supreme Court

473 A.2d 805

1984-03-01

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