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Law Digest – Maryland Court of Appeals and 4th U.S. Circuit Court of Appeals – Jan. 26, 2017

Court of Appeals Corporate Law, Business judgment rule: Where disinterested and independent board of directors denied a shareholder litigation demand, circuit court properly dismissed shareholders’ derivative claims because the modified business judgment rule, which only applies when a board of directors that is not majority disinterested and independent chooses to utilize a special litigation committee to ...

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