All posts tagged: "Chancery Court"

Delaware Courts Reaffirm High Bar for Personal Liability of Disinterested Directors - from The Harvard Law School Corporate Governance Blog

This article, provided by Gar Bason, Phillip Mills and Justine Lee of Davis Polk and Wardwell and posted to the Harvard Law School Corporate Governance Blog by Jim Naughton, co-editor, comments on two recent Chancery Court decisions in Delaware:

“However, in his discussion V.C. Strine goes beyond the facts of the Lear case in comments that seem directed at Lyondell:  Read More »

Delaware Court of Chancery on good faith and the duty of loyalty in a Revlon setting again - from Cases and Materials on Business Entities

Eric A. Chiappinelli, Dean of the Creighton University Law School, takes Vice Chancellor Noble to task and basically accuses him of being wrong in his decision to allow the trial to go forward, and then wrong again when he tried to clarify his position.  The author is saying that there is no clear record of intent to act in bad faith or shirk their fiduciary responsibilities on the part of the board, so there should have been a different result from the Vice Chancellor.  Read More »