Patrick v. Allen

How courts have described this case

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

• declining to apply business judgment rule where complaint adequately alleged that defendants were interested
• denying motion to dismiss waste claim when \neither the Complaint nor the documents incorporated therein dictate[d] that the [transaction alleged to constitute waste was] consistent with the corporate purpose of [the company]\
• “New York’s business judgment rule creates a presumption that a corporation’s directors aet-:in good faith and in the best interests of the corporation” unless the director has an interest in a decision.

Source: CourtListener parenthetical corpus (CC0).