Ferris Elevator Co. v. Neffco, Inc.

How courts have described this case

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

• holding “that the business judgment rule is neither an affirmative [nor] special defense which need be plead pursuant to section 2-613 of the [Code]”
• evidence of directors’ lack of due care was sufficient to overcome the business judgment rule
• “The burden is on the party challenging the decision to present facts rebutting the presumption.”
• evidence of directors’ lack of due care sufficient to overcome the business judgment rule
• evidence of directors’ lack of due care sufficient to overcome the business judgment rule

Source: CourtListener parenthetical corpus (CC0).