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Fogel v. U.S. Energy Systems Ruling on Board Meetings

Yesterday's post briefly discussed former Chancellor William Chandler's ruling in Fogel v. U.S. Energy Systems, Inc. In finding that no valid board meeting had occurred, Chancellor Chandler stated when a director is tricked or deceived about the true purpose of a meeting. ....

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California Law Does Not Define Meeting of the Board

Directors may work side by side nearly every day. If they all meet and discuss some action, does that count as a meeting of the board of directors? While the California General Corporation Law does not define what constitutes a meeting of the board, it does impose procedural requirement ....

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