We understand the "business judgment" rule that protects the good faith exercise of directors' and officers' judgment as well as the specific fiduciary duties imposed on officers and directors. We have extensive experience both defending their actions as well as representing plaintiffs when officers and directors fail to fulfill their legal responsibilities.
Texas Case Law generally recognizes that directors, officers and managing members owe a fiduciary duty of obedience, duty of care and duty of loyalty in their actions.