March 25, 2022

The business judgment rule.

Tbe rule bars judicial inquiry into corporate directors' actions taken in good faith and in the exercise of honest judgment in the lawful and legitimate furtherance of corporate purposes.  A complaint's conclusory allegations do not defeat the powerful presumption of the rule.

Max v. ALP, Inc., NY Slip Op 01969 (1st Dep't March 22, 2022)

Here is the decision.