1. Sony Hack: Will Shareholders Sue?

    Sony Hack: Will Shareholders Sue?

    Maybe, but navigating the jungles of double derivative actions and the business judgment rule will be tough — and not just in the U.S...

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    1. Mistakes or errors in the exercise of honest business judgment do not subject the officers and directors to liability for negligence in the discharge of their appointed duties
    2. It seems crazy to think Sony might be liable – if ever the business judgment rule should apply ... surely this is where.
    3. A double derivative suit, is one brought by a shareholder of a parent corporation to enforce a claim belonging to a subsidiary that is either wholly owned or majority controlled.
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