AmeriFirst Bank v. Bomar

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding Rule 10b-5 claims could be. validly assigned by victim to another, who could sue despite lack of personal standing
• \a court should not consider\ the business judgment rule on a motion to dismiss
• “[A] corporate officer or director owes a duty of loyalty to [their] corporation which is independent of [their] contractual obligations arising out of the employment contract.”

Source: CourtListener parenthetical corpus (CC0).