Kevin Shannon

Kevin Shannon

Potter Anderson & Corroon LLP

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Recent Delaware Court of Chancery Decisions Address When A Non-Majority Stockholder Will Be Deemed a Controlling Stockholder

In three recent decisions, the Delaware Court of Chancery reiterated that under Delaware law, a large, though not majority, stockholder of a corporation will not be considered a controlling stockholder (with the attendant...more

1/30/2015 - Board of Directors Controlling Stockholders Corporate Management Corporate Officers Delaware General Corporation Law Minority Shareholders Shareholder Litigation Shareholders

Delaware Chancery Court Clarifies Delaware Boards’ Fiduciary Oversight Duties as to Corporate Operations Abroad

In 2013, the Delaware Court of Chancery issued three decisions in which it denied motions to dismiss claims for breach of the duty of oversight (i.e., Caremark claims) asserted against directors of Delaware corporations...more

4/10/2014 - Board of Directors China Fiduciary Duty Personal Liability

Canmore Consultants Ltd. v. L.O.M. Medical Int'l, Inc.: A Limited Exception To Directorial Authority To Fill Board Vacancies

Canmore Consultants Ltd. v. L.O.M. Medical International, Inc. 8 Del. C. § 223(c): A Limited Exception To Directorial Authority To Fill Board Vacancies - Section 223(c) of the Delaware General Corporation Law (the...more

11/19/2013 - Board of Directors Corporate Counsel Corporate Governance Directors Shareholders

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