Shareholders of a Major League Baseball franchise sue the directors because the team refuses to schedule night

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Shareholders of a Major League Baseball franchise sue the directors because the team refuses to schedule night games. The shareholders argue that the revenue lost from night games is responsible for the poor financial performance of the company. The directors refuse to schedule night games because they believe it would have a deteriorating effect on the neighborhood.

Will these directors be protected by the business judgment rule?

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Related Book For  book-img-for-question

Business Law And Strategy

ISBN: 9780077614683

1st Edition

Authors: Sean Melvin, David Orozco, F E Guerra Pujol

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