Delaware Courts Confront Question Whether “Cleansing Effect” of Corwin Applies to Duty of Loyalty Claims

Posted by on Tuesday, May 9, 2017 in Articles, Delaware Corporate Law Bulletins, En Banc.

Delaware Courts Confront Question

ABSTRACT

Recent rulings settle apparent divergence between Comstock and Larkin decisions and narrow exception to application of Corwin to cases where controlling stockholder extracts personal benefits in a merger transaction

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.