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Lisa Crain; Cathee Crain; Marillyn Crain Brody; And Kristan Crain Snell, Derivatively on Behalf of Regional Jet Center, Inc. v. Shirley Crain and Regional Jet Center, Inc.

Supreme Court of Arkansas

Decided May 22, 2025Published

1Opinion of the Court

Cite as

2025 Ark. 86

SUPREME COURT OF ARKANSAS No. CV-22-790 Opinion Delivered: May 22, 2025 LISA CRAIN; CATHEE CRAIN; DISSENTING OPINION FROM MARILLYN CRAIN BRODY; AND DENIAL OF PETITION FOR KRISTAN CRAIN SNELL, REVIEW. DERIVATIVELY ON BEHALF OF REGIONAL JET CENTER, INC. APPELLANTS V. SHIRLEY CRAIN AND REGIONAL JET CENTER, INC. APPELLEES NICHOLAS J. BRONNI, Associate Justice Business decisions should be made in boardrooms—not courtrooms. That’s the point of the business judgment rule. The decision below violates that principle and, in the process, renders businesses across Arkansas vulnerable…

2Cases cited11 opinions

  1. Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
  2. Gibbons v. MahonSupreme Court of the United States · 1890
  3. Gries Sports Enterprises, Inc. v. Cleveland Browns Football Co.Ohio Supreme Court · 1986
  4. Hames v. CravensSupreme Court of Arkansas · 1998
  5. Long v. LamptonSupreme Court of Arkansas · 1996

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