On November 30, 2015, the Delaware Supreme Court issued an opinion affirming the Court of Chancery’s decision in In re Rural/Metro Corporation Stockholders Litigation. In the earlier decisions, the Court of Chancery found...more
The Delaware Court of Chancery recently made a series of rulings that underscore the importance of oversight by directors in performing their fiduciary duty of care, particularly as it pertains to financial advisors and their...more
On August 27, 2015 the Delaware Court of Chancery issued a post-trial decision, In re Dole Food Company, Inc. Stockholder Litigation, that held two of Dole’s directors, David Murdock and Michael Carter, personally liable for...more
9/17/2015
/ Aiding and Abetting ,
Breach of Duty ,
Business Judgment Rule ,
C-Suite Executives ,
Controlling Stockholders ,
Directors ,
Dole Food ,
Fairness Standard ,
Financial Adviser ,
Fraud ,
Going-Private Transactions ,
Personal Liability ,
Price Manipulation ,
Securities Fraud ,
Stock Prices