In a case of first impression, the Court of Chancery held recently that officers, like directors, owe their companies a duty of oversight, although the scope of that will vary with their responsibilities. Two other Chancery...more
6/12/2023
/ Acquisitions ,
Aiding and Abetting ,
Board of Directors ,
Breach of Duty ,
CEOs ,
Corporate Governance ,
Corporate Officers ,
Data Preservation ,
Disclosure Requirements ,
Duty of Oversight ,
Evidence ,
Fiduciary Duty ,
Mergers ,
Oracle ,
Oversight Duties ,
Publicly-Traded Companies ,
Revlon ,
Shareholders ,
Spoliation
Under Corwin v. KKR Financial Holdings LLC1 and its progeny, “when disinterested, fully informed, uncoerced stockholders approve a transaction absent a looming conflicted controller,” the irrebuttable business judgment rule...more
11/29/2018
/ Acquisitions ,
Appeals ,
Books & Records ,
Breach of Duty ,
Business Judgment Rule ,
Competitive Bidding ,
Controlling Stockholders ,
Corwin Doctrine ,
DE Supreme Court ,
Dismissals ,
Fiduciary Duty ,
Material Disclosures ,
Mergers ,
Pleading Standards ,
Reversal ,
Schedule 14D-9 ,
Section 220 Request ,
Shareholder Litigation ,
Shareholder Rights ,
Shareholder Votes