Laurence Silverman

Laurence Silverman

Bracewell & Giuliani LLP

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Second Circuit Reinforces High Pleading Burden for Director Duty of Oversight Claims

In Welch v. Havenstein, No. 13-2648-cv, 2014 WL 322055 (2d Cir. Jan. 30, 2014) (summary order), aff’g In re SAIC Inc. Derivative Litigation, 948 F. Supp. 2d 366 (S.D.N.Y. 2013), the United States Court of Appeals for the...more

2/20/2014 - Board of Directors Corporate Governance Demand Futility Derivative Suit Fiduciary Duty Fraud SAIC Whistleblowers

Delaware Court of Chancery Addresses Director's Duties In Connection With Change of Control Put Provisions

In a recent decision issued by the Delaware Court of Chancery, Chancellor Strine enjoined an incumbent board from impeding a shareholder consent solicitation that sought to install a competing slate of directors. The Court...more

3/27/2013 - Board of Directors Fiduciary Duty Put Provisions Rival Director Slate Shareholders

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