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

Six FLSA Resolutions for the New Year

With the minimum guaranteed salary requirement for the most common Fair Labor Standards Act exemptio...

Read More >

New Form I-9 Version Announced - Must Be Used May 1

US Citizenship and Immigration Services (USCIS) announced in the Federal Register on January 31, 202...

Read More >

Goldman Sachs sued for using proprietary funds in their 401(k) plan

Goldman Sachs has been sued for the alleged “unlawful” management of its company 401(k) plan for u...

Read More >

Five Employment Law Traps For CFOs Tasked with HR Oversight

Overseeing human resources -- a hat that many CFOs wear -- may mean having to make crucial decisions...

Read More >

Indirect Competition Enough to Enforce Non-Compete Against Former CEO in Pennsylvania

In the midst of nationwide efforts to reform the use of non-compete restrictions, a recent decision ...

Read More >

EEOC Sues Imperial Pacific for Sex Discrimination, Harassment and Retaliation

Saipan Casino Punished Female Employees for Complaining About Abuse, Federal Agency Charges - SAIP...

Read More >