Short said judges should not review specific business decisions, but should instead review the scope of a special committee’s investigation, the independence of the committee, and the adequacy of information provided to the committee by the company.
“The rights at issue are exclusively corporate rights,” Short told the five justices. Chief Justice Russell Anderson, who is retiring next month, and Justice Helen Meyer, are not participating in the case.
After an hourlong hearing, the justices took the matter under advisement. Attorneys speculated that a decision could come sometime this summer or early next fall.
David Phelps • 612-673-7269
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Be the first to comment | Hide reader comments