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

Document Mailing of COBRA Notices

A recent district court case out of Louisiana highlights the importance for employers to document th...

Read More >

What Labor Secretary Acosta’s Departure Means For Employers

When the news broke Friday afternoon that Labor Secretary Alexander Acosta would be resigning from h...

Read More >

Accessory Dwelling Units Authorized in New Construction

New legislation passed by the San Francisco Board of Supervisors on June 18 now authorizes the addit...

Read More >

Updated Order Clarifies Suspension of Limitations Periods in British Columbia Amidst COVID-19

On April 8, 2020, the Minister of Public Safety and Solicitor General published Ministerial Order No...

Read More >

The Brave New World of Fiduciary Responsibility for Benefit Plans

Most blog entries focus on new developments or recent legislation. This one’s a bit different. Its ...

Read More >

Predictive Scheduling for Chicago Too.

Last week, the Chicago City Council passed the Chicago Fair Workweek Ordinance (“the Ordinance”), ...

Read More >