Lawsuits from cooperative shareholders and condominium unit-owners opposing their boards’ conduct have become commonplace. When confronted with such challenges to their authority, boards may, of course, defend their position on the merits, or they may seek legal vindication under the Business Judgment Rule. However, pitched legal battles of this nature tend to plunge a residential community into civil war and impede a board’s overall ability to manage building affairs.     Read the article………………………………