BUSINESS ENTITIES
Officer and Director Liability • Punitive Damages • Duty Of Loyalty • Breach of Fiduciary Duty
In re Lemington Home for the Aged, PICS Case No. 15-0183 (3rd Cir. Jan. 26, 2015) Vanaskie, J. (28 pages).
While evidence of self-dealing provided a sufficient factual basis to conclude that nursing home officers acted with the outrageous motive of self-enrichment at the expense of the non-profit facility, insufficient state-of-mind evidence supported the punitive damages awarded against defendant directors. Judgment affirmed and reversed in part.
February 09, 2015 at 12:00 AM
1 minute read
BUSINESS ENTITIES
Officer and Director Liability • Punitive Damages • Duty Of Loyalty • Breach of Fiduciary Duty
In re Lemington Home for the Aged, PICS Case No. 15-0183 (3rd Cir. Jan. 26, 2015) Vanaskie, J. (28 pages).
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