X
22Mar

Delaware Chancery Court Holds That a Transaction Involving a Conflicted Board Majority Can Be Cleansed If Appropriate Safeguards Are Implemented

In a legal challenge to a corporate transaction, the applicable standard of review is often outcome determinative. The deferential business judgment rule applies where the board is not majority conflicted. The burden is on the challenger to show bad...
By: White and Williams LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-chancery-court-holds-that-a-74248/

Related

Philadelphia Zoning, Land Use, and Construction COVID-19 Update

The Ballard Spahr Zoning and Land Use Team is continuing to monitor all aspects of the City of Phila...

Read More >

Has California Made Directors Employees?

On September 18, 2019, California Governor Gavin Newsom signed AB 5 into law effective January 1, 20...

Read More >

Workplace Violence Prevention In An Active-Shooter Era

Earlier this month, the country was again rocked by mass shootings—two in less than 24 hours left t...

Read More >

How Might Virginia’s New Legislative Trifecta Affect Employers in the Commonwealth in 2020?

In the November 2019 election Virginia gained a Democratic “trifecta”—both legislative chambers a...

Read More >

A Contractor’s Guide During the Coronavirus Pandemic 2.0

The coronavirus pandemic has created novel burdens for contractors throughout the world. Project sto...

Read More >

117th Congress Takes Early Steps Towards Antitrust Reform

Critics of modern antitrust enforcement have been building momentum towards antitrust reform over th...

Read More >