News & Analysis as of

JCPenney Board of Directors

Locke Lord LLP

Delaware Court of Chancery Puts Supreme Court Caremark Claim Decision in Context

Locke Lord LLP on

On July 29, 2019, the Delaware Court of Chancery dismissed an action against the directors of J.C. Penney Company, Inc. alleging failure of oversight because of the plaintiff’s failure to make a demand on the board before...more

Morrison & Foerster LLP

Bill Ackman’s Resignation from J.C. Penney Board Serves as Reminder of Challenges for Both Activists and the Boards They Sit On

In the March issue of Unsolicited Views, we published an article entitled “Practical Tips on Board Confidentiality.” In that article, we warned that “the increasing number of board members selected by activists and other...more

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