Court Opinion

ID: 9415257
Source: CourtListenerOpinion
Date Created: 2023-08-02 18:41:18.92661+00
Date Added: 2024-06-11T17:21:10.001446
License: Public Domain

HATCHETT, Circuit Judge,
concurring in part and dissenting in part:
Although I agree with the law this opinion announces and the reasoning in the opinion, I respectfully dissent in part. I would grant Stahl and Cheplak a new trial because the pre-1987 Florida law on the standard of care for directors was at best confusing. This opinion announces a clear standard to govern directors in this circuit. I fully concur in this standard; but, neither the district court nor the parties had the benefit of this standard at the trial of this case. In light of the confu*1523sion in our circuit law and the split in circuits, the district court followed the law of its district. Consequently, I would order a new trial for Stahl and Cheplak with this standard to be applied.