In this issue, we discuss Delaware court developments, including the first-ever dismissal of a SPAC disclosure complaint, as well as rulings pertaining to financial advisor conflict and disclosure law, state laws involving...more
6/26/2024
/ Acquisitions ,
Board of Directors ,
Business Judgment Rule ,
Commercial Litigation ,
Corporate Governance ,
DE Supreme Court ,
Disclosure ,
Disclosure Requirements ,
Mergers ,
Securities and Exchange Commission (SEC) ,
Securities Litigation
Delaware case law recognizes that directors and officers owe a duty of oversight, and failure to adequately exercise such duty may result in liability. Such claims — known as “Caremark claims” after the seminal decision in In...more
In 2019, the Delaware Supreme Court issued Marchand v. Barnhill, which was soon followed by the Court of Chancery’s opinion in In re Clovis Oncology Derivative Litigation. Both rulings sustained derivative claims for breach...more
Earlier this year, in a consolidated breach of fiduciary duty and appraisal action, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery issued a post-trial opinion that includes many important takeaways for...more
10/22/2015
/ Aiding and Abetting ,
Appraisal Rights ,
Bad Faith ,
Board of Directors ,
Breach of Duty ,
Business Judgment Rule ,
C-Suite Executives ,
Controlling Stockholders ,
COOs ,
Corporate Counsel ,
Corporate Officers ,
Damages ,
Dole Food ,
Duty of Loyalty ,
Entire Fairness Standard ,
False Statements ,
Fiduciary Duty ,
Fraud ,
Joint and Several Liability ,
Mergers ,
Remedies ,
Special Committees ,
Standard of Review ,
Take-Private Transactions ,
Unfair Dealing