Tuesday, October 19, 2010

Legal Quote of the Day: The Spawn of Neglect

This one comes from 432 A.2d 814.  It's a case of a little old lady sitting idly by while her sons "pillage" the valuable and hard-earned assets of third parties:
Her sons knew that she, the only other director, was not reviewing their conduct; they spawned their fraud in the backwater of her neglect.
I guess little old ladies are supposed to cross the street in New Jersey, rather than hold a 48% share in its family businesses.


Christy said...

I know their eggs and it still looks a little disturbing. What produced the eggs?

Cougar Abogado said...

Fraud and neglect.