On June 17, 2025, the Delaware Supreme Court (Court), sitting en banc, reversed a Court of Chancery ruling that had held a bidder liable for aiding and abetting fiduciary breaches of the target’s management....more
7/10/2025
/ Acquisition Agreements ,
Aiding and Abetting ,
Appeals ,
Board of Directors ,
Breach of Duty ,
Business Litigation ,
Change in Control ,
Corporate Governance ,
DE Supreme Court ,
Delaware ,
En Banc Review ,
Fiduciary Duty ,
Merger Agreements ,
Shareholder Litigation
In a recent post-trial decision, Delaware Chancellor Kathaleen St. J. McCormick found a CEO personally liable for breaching his fiduciary duties for tilting the company’s sale to his preferred acquiror. The court further held...more