Miller v. American Telephone & Telegraph Co.
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Full case name Miller v. American Telephone & Telegraph Co.
ArguedSeptember 3, 1974
DecidedNovember 4, 1974
| Miller v. American Telephone & Telegraph Co. | |
|---|---|
 | |
| Court | United States Court of Appeals for the Third Circuit |
| Full case name | Miller v. American Telephone & Telegraph Co. |
| Argued | September 3, 1974 |
| Decided | November 4, 1974 |
| Citation | 507 F.2d 759 |
| Court membership | |
| Judges sitting | Collins J. Seitz, John Joseph Gibbons, Leonard I. Garth |
| Case opinions | |
| Majority | Seitz, joined by a unanimous court |
| Keywords | |
Miller v. American Telephone & Telegraph Co., 507 F.2d 759 (3d Cir. 1974), is a United States corporate law case that established that a corporate board cannot claim protection of the business judgment rule in a shareholder suit if the decision at issue was a knowing violation of public law.[1]
American Telephone & Telegraph Co. loaned 1.5 million dollars to the Democratic National Committee in the lead-up to the 1968 election and then did not seek to collect the loan. Certain shareholders sued for waste.[1]