Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Citation
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Parent Document
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Jurisdiction
- California (state)
- Effective Date
- 1952-02-08
Other Sections in This Document (69)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
- Findley v. Garrett, 109 Cal. App. 2d 166 (1952)
Full Text
1,176 charsbe recovered from some or all of the defendants, that fact alone would not have made it the duty of the directors to authorize the commencement of an action. It would have made it their duty to weigh the advantages of a probable recovery against the cost in money, time and disruption of the business of the company which litigation would entail. It appears from the nature of the litigation, the variety and complexity of the issues, the period of time during which the asserted frauds allegedly were committed, the multitude of transactions between the two corporations, the many individuals involved, and the questions of accounting, that the directors were confronted with litigation of formidable proportions. Many directors, other than those named as defendants herein, were also accused in general terms of conspiracy and fraud. A mistake of judgment on the part of a board of directors does not justify taking the control of corporate affairs from the board of directors and placing it with the stockholders. The board of directors may make incorrect decisions, as well as correct ones, so long as it is faithful to the corporation and uses its best business judgment.