Fiduciary Duties: Del. Chancery Addresses Exculpation Defense on Remand
Fiduciary Duties: Del. Chancery Addresses Exculpation Defense on Remand

In two decisions last spring, the Supreme Court overruled Chancery Court decisions that had dismissed challenges to transactions on the basis that MFW‘s conditions were met. In both cases, the Supreme Court found that certain undisclosed conflicts of interest involving financial advisors were material and held that the stockholder vote approving the deal was not fully informed, so […]

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