Unreasonableness Or Carelessness Is Insufficient To Prove Liability In Nevada
By EsqSocial Corporation 08/04/25
Nevada's exculpatory statute, NRS 78.138(7), requires a plaintiff to both rebut a statutory presumption of good faith and prove a breach of fiduciary duty involving intentional misconduct, fraud, or a knowing violation of the law. In Tsatas v. Airborne Wireless Network, Inc., 2015 WL 973840 (March 31, 2025), the plaintiff brought a derivative action against, among others, the CEO (Warrent) and another officer of Airborne. U.S. District Court Judge Richard F. Boulware, II's ruling illustrates...
By: Allen Matkins