In the recent decision of Friedman v. Maffei, C.A. No. 11105-VCMR (Del. Ch. Apr. 13, 2016), Vice Chancellor Montgomery-Reeves granted dismissal of a derivative complaint filed on behalf of
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business judgment rule
Business Judgment Standard Applied in Merger Following Corwin Decision
By Fox Rothschild LLP on
In the recent decision of In re Zale Corporation Stockholders Litigation, C.A. No. 9388-VCP (Del. Ch. Oct. 29, 2015), the Court of Chancery reversed its prior decision in…
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Arguably Poor Business Judgment, Without More, Does Not Excuse Demand In Derivative Action
By Fox Rothschild LLP on
In the case of Freedman v. Adams, et al., No. 230, 2012 (Del. Supr., Jan. 14, 2013), the Delaware Supreme Court considered on appeal whether a derivative…
Continue Reading Arguably Poor Business Judgment, Without More, Does Not Excuse Demand In Derivative Action