Recent Delaware cases have clarified that minority stockholders merely rolling over shares alongside an independent and unrelated controlling stockholder do not form a control group in most cases—the controlling stockholder...more
Citing duty to obey the board’s lawful instructions, the Seventh Circuit rejects breach of fiduciary duty claims under Indiana law against bankrupt bank holding company’s former officers.
Corporate officers of a distressed...more
9/21/2018
/ Board of Directors ,
Breach of Duty ,
Chapter 7 ,
Commercial Bankruptcy ,
Corporate Officers ,
Disclosure Requirements ,
Fiduciary Duty ,
Financial Institutions ,
Reporting Requirements ,
Subsidiaries ,
Written Agreements