Roberts v. Alabama Power Co.

How courts have described this case

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

• holding that, under the business judgment rule, courts must respect a corporation’s decision made “in good faith and after a thorough investigation” to reject a shareholder-plaintiffs derivative claims
• finding that a “Special Committee consist[ing] of two lawyers with unquestioned reputations for integrity . . . neither of whom were dependent on the Company for their livelihood” was independent
• adopting same approach as Auerbach court

Source: CourtListener parenthetical corpus (CC0).