Corporate directors and officers are required to act in the in the best interest of the corporation and its stockholders. When they do not, it is possible that the directors or officers have breached their fiduciary duties and/or acted negligently. Although the business judgment rule creates a presumption that conduct occurring in the course of business is appropriate even if it results in harm to the company or its shareholders, there are still certain instances in which conduct rises to the level of commercial negligence. When directors or officers have acted in their own self-interest and not in the best interest of the corporation, or when they have acted in an uninformed or wasteful manner, their behavior is not protected by the business judgment rule and they may be held liable for negligence. The attorneys of Cosgrove Law Group, LLC are ready and able to represent shareholders, corporations, or directors in any action involving commercial negligence.
