In a recent article entitled “The Death of Merger Litigation?”, we wrote about the Delaware Court of Chancery’s increasing refusal to approve disclosure-only settlements in shareholder lawsuits challenging public company...more
The Delaware Supreme Court recently issued an important decision clarifying the standards that govern claims for money damages against independent directors of corporations whose charters contain exculpatory provisions....more
6/11/2015
/ Appeals ,
Board of Directors ,
Breach of Duty ,
Business Judgment Rule ,
Controlling Stockholders ,
Corporate Charters ,
Corporate Counsel ,
Corporate Liability ,
Damages ,
DE Supreme Court ,
Exculpatory Clauses ,
Fairness Standard ,
Fiduciary Duty ,
Independent Director ,
Motion to Dismiss ,
Standard of Review
In an opinion that could help remedy the problem of baseless merger litigation, a court applying North Carolina law recently refused to approve a class action settlement because the underlying lawsuit was without merit. ...more