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: Delaware Business Litigation ReportCourt of Chancery Defines Bad Faith, Again
By Morris James LLP
McPadden v. Sidhu, C.A. 3310-CC (Del Ch. Aug. 29, 2008)
This decision again affirms that bad faith is not the same a gross negligence and explains the difference. That distinction is important because usually directors are immunized from decisions made in good faith, even if negligent.
Full post as published by Delaware Business Litigation Report on August 29, 2008 (boomark / email).
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