In a much anticipated reversal of the Delaware Court of Chancery's controversial opinion in Ryan v. Lyondell Chemical Co., the Delaware Supreme Court recently reaffirmed that Delaware law will not coountenance an aggrieved stockholder's attempt to "bootstrap" onto a duty of loyalty claim for monetary damages an otherwise exculpated duty of care claim brought against independent and disinterested directors under the rubric of Revlon v.
For more details on Delaware Supreme Court reverses court's decision on Lyondell click here
Tuesday, May 05, 2009
Delaware Supreme Court reverses court's decision on Lyondell
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment