Key Points -
Fourth Circuit points to SEC guidance on “less is more” approach to cybersecurity disclosures, while finding such disclosures did not violate federal securities laws.
Omissions of data vulnerabilities were...more
• In a rare move, the Delaware Court of Chancery affirmed a buyer’s contractual right to terminate a $4.75 billion merger based on a sudden and sustained decline in the seller’s business.
• The decision provides guidance to...more
• Directors were not entitled to stockholder ratification defense where stockholders only approved the general parameters of director and employee bonuses
• This marks the first time in nearly 60 years that Delaware’s...more
12/22/2017
/ Appeals ,
Board of Directors ,
Bonuses ,
Breach of Duty ,
Corporate Counsel ,
DE Supreme Court ,
Derivative Suit ,
Director Compensation ,
Discretionary Clauses ,
Dismissals ,
Equity Plans ,
Fairness Standard ,
Fiduciary Duty ,
Incentive Compensation ,
New Guidance ,
Ratification ,
Reversal ,
Self-Dealing ,
Shareholder Approval ,
Shareholder Litigation