Fed. Sec. L. Rep. P 99,704 Dr. Malik M. Hasan and Seeme Hasan v. Clevetrust Realty Investors

How courts have described this case

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

• holding that prior business relationships between SLC member and the defendants prevented a finding of independence
• holding that the “report itself raises serious questions about the integrity of his committee’s findings”
• concluding that the investigation carried out by the SLC was “proeedurally infirm” and thus not entitled to any deference
• concluding that the SLC members, who had a previous business relationship with the defendants, had not convinced the court of their “independence.”
• reversing summary judgment where sole committee member had other connections with defendants showing possible bias
• describing that although Auerbach and Zapata “diverge on the issue of the judicial deference appropriate to the substantive business judgments of a special committee, they are convergent in their approach to the issues of good faith and thoroughness”

Source: CourtListener parenthetical corpus (CC0).