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Tag: shareholders actions

CVS’s Move to Stop Selling Tobacco and the Business Judgment Rule

February 6, 2014 stanczyk Business Judgment Rule, Stock, Tax

As you may have heard, CVS pharmacies are planning to stop selling tobacco products.  When I heard about that, the lawyer side of my brain wondered about the thought process behind the decision.  As the company, CVS Caremark, is a publicly traded for profit corporation, and not a benefit corporation, how would the CVS board justify its decision? Read more

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Mike Stanczyk is a New York corporate and business attorney advising emerging companies, startups and investors in the areas of fundraising, securities, online contracting issues, M&A, tax and intellectual property.  To contact Mike, Click Here. 

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This is my own personal blog and website. This blog and its contents are provided for informational purposes only. Nonetheless, the New York Rules of Professional Responsibility may consider this blog “Attorney Advertising”. Prior results do not guarantee future success. The author of this blog is Michael Stanczyk, Esq., of Lynn D’Elia Temes & Stanczyk LLC, 100 Madison Street, Tower I, Suite 1905, Syracuse, New York 13202, Tel.: (315) 476-2321, Email: mike@ldts-law.com

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