A director’s duty to make a good faith effort to oversee the operations and management of a Delaware company is well-established. In a recent case, Marchand v. Barnhill, the Delaware Supreme Court provided guidance to boards...more
7/18/2019
/ Blue Bell Creameries ,
Board of Directors ,
Breach of Duty ,
Business Operations ,
Caremark claim ,
Controlling Stockholders ,
DE Supreme Court ,
Derivative Suit ,
Dismissals ,
Fiduciary Duty ,
Food and Drug Administration (FDA) ,
Food Contamination ,
Food Manufacturers ,
Food Recalls ,
Good Faith ,
Liability ,
Listeria ,
Manufacturing Facilities ,
Oversight Duties ,
Reversal ,
Risk Management
Delaware corporations should evaluate their certificates of incorporation or bylaws in light of new amendments to the Delaware General Corporation Law.
On June 24, Delaware Governor Jack Markell signed Senate Bill 75...more
A recent decision by the Delaware Supreme Court provides independent directors, such as special committee members, with the ability to escape protracted fiduciary duty litigation during its initial stages. The court’s...more