10Jul
Fraud on the Board: Material Conflicts Must Be Disclosed to the Board to Warrant Business Judgment Review
A recent decision by the Delaware Supreme Court emphasizes the importance of fully disclosing material director and officer conflicts of interest in connection with proposed M&A transactions. Indeed, as the Court’s ruling makes clear, the business judgment rule can be rebutted—even if a majority of the board approving the transaction is independent, disinterested, and acts in good faith—if a single director or officer actively negotiating the transaction fails to disclose that he or she has a...
By:
Troutman Pepper
Related
Coronavirus, recently named “COVID-19” by the World Health Organization, presents like a Hollywood...
Read More >
As scheduled, EEOC and NORC have now provided employers with a way batch upload their EEO-1 Componen...
Read More >
Recently, in our P3 Focus Blog, we pointed out that now is the perfect time for a federal infrastruc...
Read More >
Medical Device Manufacturer Fired Temporary Employee for Absences Related to Disability, Federal Age...
Read More >
My local school board is run by a clique who see nothing wrong that some of their children got hired...
Read More >
Given the slowdown of construction activity, there is an inevitable uptick in government contract ac...
Read More >