Legal Talk for Co-ops and Condos
Legal Talk for Co-ops and Condos
Legal Talk by Habitat Magazine
When the Business Judgment Rule Works — and When It Doesn't
16 minutes Posted Apr 30, 2025 at 3:00 pm.
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Send us a text Your board can sleep better at night knowing your decisions are protected by the business judgment rule — but it's not absolute. In this episode, Eric Goidel, a partner at Borah, Goldstein, Altschuler, Nahins & Goidel, reveals crucial limitations to that protection, including five key areas where boards mistakenly believe they're shielded but aren't. He explains real-world examples of when courts upheld the rule and when they didn't, including a case about balcony enclosure...