23Dec
Recent Trends in Officer Liability
More than a decade ago in the seminal case Gantler v. Stephens, the Delaware Supreme Court clarified that officers of Delaware corporations owe the same fiduciary duties of care and loyalty that directors owe to the corporation and its stockholders. While directors and officers owe the same fiduciary duties, they are not entitled to the same defenses. Section 102(b)(7) of the Delaware General Corporation Law (DGCL) permits a corporation to adopt a provision in its certificate of incorporation...
By:
Skadden, Arps, Slate, Meagher & Flom LLP
Related
As the newly crowned world champion U.S. Women’s National Soccer Team members received their winner...
Read More >
For a number of years, the Equal Employment Opportunity Commission (“EEOC”) has taken the position...
Read More >
The US M&A market delivered a surprisingly robust first half, with total value rising 9 percent year...
Read More >
Two weeks after announcing “The Road Back: Restoring Economic Health Through Public Health” plan, ...
Read More >
Although most state legislatures have adjourned for 2019 or are in recess, those still in active ses...
Read More >
In this episode of Trekking Through Compliance, we consider the episode The Doomsday Machine which a...
Read More >