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Delaware Court Dismisses Duty of Loyalty Claim Against Disinterested, Independent Directors

Posted by on Friday, September 16, 2016 in Delaware Corporate Law Bulletins, En Banc, Essays.

Delaware Court Dismisses Duty of Loyalty Claim Against Disinterested, Independent Directors

ABSTRACT

Informed Board’s decision to disregard “speculative” valuation methods when recommending a company sale not so egregious as to constitute bad faith.

AUTHORS

Robert S. Reder
Professor of the Practice of Law at Vanderbilt University Law School, has been serving as a consulting attorney at Milbank, Tweed, Hadley & McCloy LLP in New York City since his retirement as a partner in April 2011.

Tiffany M. Burba
J.D./M.S. Finance Candidate at Vanderbilt University, will be starting as an associate at Cadwalader, Wickersham & Taft in the fall of 2017.