Delaware Court Rejects Claim that Directors Acted in Bad Faith By Selling Company Facing Activist Threat
ABSTRACT
Reaffirms high bar for proving that directors acted in conscious disregard of their obligations
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.
Celine L. Feys
Master of Laws, Ghent University, 2017; Vanderbilt University Law School, L.L.M. Candidate, May 2018.