lawyers.com - Untitled 15

Disclosure of Material Facts

The duty of disclosure is a component of the duty of loyalty, but it also implicates the director's obligation to act with due care and in good faith. As part of the duty of care, a director should reveal all relevant...

Time Requirements for Settlement of Securities Trades

Due to the risk of volatility in the value of securities, the Securities and Exchange Commission requires that a securities transaction must be settled or completed within three business days. "T+3" is the name given to this settlement...

Fairness Standard and Business Judgment Rule

The business judgment rule is a rebuttable, procedural presumption that a corporate director has acted on an informed basis in good faith and in the honest belief that the action taken was in the best interest of the...

Duty of Loyalty

Ratification of Self-Interested Director Transactions

Directors may be vulnerable to a claim of breach of the duty of loyalty if they transact personal business with the corporation or if the...

Whistleblowers Under the Safe Drinking Water Act

The Safe Drinking Water Act provides protection for whistleblower-employees who file claims under the statute. Section 1450 of the statute provides:

No employer...