Crescent/Mach I Partners, L.P. v. Turner

How courts have described this case

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

• holding that a 15-year professional relationship, alone, was insufficient to cast reasonable doubt upon a director’s independence
• holding that an allegation of “long-standing 15-year professional and personal relationship” was insufficient to defeat independence
• holding that allegations of a \long-standing 15-year professional and personal relationship\ between a director and the CEO and Chairman of the Board of his company were insufficient to support a finding of control
• stating that an allegation of a fifteen-year professional and personal relationship between a CEO and a director does not, in itself, raise a reasonable doubt about the director's independence
• finding that a “long-standing 15–year professional and personal relationship” fails to raise a reasonable doubt about a director’s independence
• explaining that the court may “disregard allegations which are merely conclusory and lack factual support”

Source: CourtListener parenthetical corpus (CC0).