What Role Does a Temporary Restraining Order or Injunction Play in a Business Dispute?
August 9, 2018Business litigation can drag on for months or even years. Those hoping for quick relief are often disappointed. But in emergencies—when immediate or pretrial relief is necessary to avoid irreparable harm—a company can ask the court for pretrial injunctive relief in the form of a temporary restraining order (TRO…
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What Rights Does a Shareholder Have to Look at Corporate Books and Records?
August 7, 2018Shareholders in a corporation have specific rights to inspect a corporation’s books and financial records under Arizona law. See Ariz. Rev. Stat. Ann. § 10-1602. Upon giving five days of advance notice in writing, shareholders have the right to appear at the corporation’s principal place of business during reg…
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What is the Business Judgment Rule?
August 6, 2018The business judgment rule generally provides that when the directors of a corporation are faced a with a decision that impacts the corporation, they must adhere to certain duties and responsibilities to the corporation by virtue of their positions. Directors must act in good faith and with the care that an ordinar…
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