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The Ekwealors sued the homeowners association, a board member and the HOA president, along with a community manager. They also sued the HOA management company, Association Management Inc., and the ...
In response to cases such as the alleged theft of more than $4 million at the Hammocks HOA in Kendall and the arrests of four of its former board members and one of their spouses, the Florida ...
Conflict of interest in legislation; the interests of the poor and the interests of the rich. A personification of corrupt legislation weighs a bag of money and denies an appeal of poverty. Regulating conflict of interest in government is one of the aims of political ethics. Public officials are expected to put service to the public and their ...
Section 8.60 of the Model Business Corporation Act [9] states there is a conflict of interest when the director knows that at the time of a commitment that he or a related person is 1) a party to the transaction or 2) has a beneficial financial interest in the transaction that the interest and exercises his influence to the detriment of the ...
Last year, HOA board members faced charges of racketeering, money laundering, fabricating evidence and using shell companies. Monthly maintenance fees had been jacked up 400% without any real ...
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 ...
The HOA’s efforts to stonewall the investigation are still continuing — recently, the board filed a federal lawsuit against the State Attorney’s Office to block enforcement of subpoenas ...