If I were advising the company, I would tell them to settle this fast. This is not going to get any better. |
This is a good deal for Citibank. When you are talking about $30 billion in exposure, getting off for less than 10 cents on the dollar isn't too bad. |
This ruling strengthens the notion that directors who make decisions on behalf of the company in good faith are protected from liability. If a board member makes an informed decision to ratify what the CEO has done, that's not going to get him in trouble. |