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
On November 8, 2013, the North Carolina Supreme Court issued a rare opinion addressing the duties of corporate directors and reaffirming that those duties are generally owed only to the corporation itself rather than the...more