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Voting, director removal, closely held companies Bushell v Faith [1970] AC 1099 is a UK company law case, concerning the possibility of weighting votes, and the relationship to section 184 of Companies Act 1948 (the predecessor of s 168 of the Companies Act 2006 ) which mandates that directors may be removed from a board by ordinary resolution ...
Lord Millett, in the opinion he gave in Official Receiver v Wadge Rapps & Hunt [2003] UKHL 49 (31 July 2003), summarized the history of disqualification orders in British company law, noting that they were originally created under s. 75 of the Companies Act 1928 (subsequently consolidated as s. 275 of the Companies Act 1929), which was enacted on the recommendation of the Report of the Company ...
For-cause removal of agency executives presents a prima facie challenge to the separation of powers, because it places a limit—imposed by Congress—on the president's Article II authority over executive branch officials. Most courts that had considered the question found that for-cause removal of the CFPB director was constitutional. [5]
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
For example, illegal insider trading would occur if the chief executive officer of Company A learned (prior to a public announcement) that Company A would be taken over and then bought shares in Company A while knowing that the share price would likely rise. In the United States and many other jurisdictions, "insiders" are not just limited to ...
Local authorities in Massachusetts allowed an illegal migrant accused of raping a pre-teen child to walk free on bail — and never called immigration authorities, according to a shocking report ...
In early 2000, after an increase in the size of the business, it was determined that the insurance company's solvency was marginal, and a small asset price change could see the insurance company become insolvent. It did. Director Rodney Adler, CEO Ray Williams and others were sentenced to prison for fraudulent activity. Pacific Gas & Electric ...
Trump has also expanded expedited removal, ... "The most important reason for illegal immigration is the fact that the legal immigration system is so constrained," says David J. Bier, director of ...