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Expert Analysis

Does The Business Judgment Rule Exist In Georgia?

Law360, New York (May 6, 2014, 12:22 PM EDT) -- On April 21, 2014, the Georgia Supreme Court heard oral arguments in the case of Federal Deposit Insurance Corporation v. Loudermilk to determine whether the business judgment rule really exists in Georgia. Claiming contrary decisions on the business judgment rule from various courts and contradictory statutes, Judge Thomas Thrash of the Northern District of Georgia has formally asked the Supreme Court of the state to determine whether the business judgment rule protects the actions of bank directors and officers in Georgia....

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