Bal Harbour Club, Inc. v. AVA Development, Inc. (In Re Bal Harbour Club, Inc.)

How courts have described this case

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

• directors will not be called to account for their actions, no matter how poor their business judgment, absent a showing of abuse of discretion, fraud, bad faith, or illegality
• “[T]he [business judgment rule] protects a ‘good director’ who made an honest error or mistake in judgment, but not a ‘bad director’ who acted fraudulently, illegally, oppressively, or in bad faith.”

Source: CourtListener parenthetical corpus (CC0).