Delaware Court Summons Corwin to Dismiss Breach of Fiduciary Duty Claim Grounded in Allegations of Director Self-Interest in Connection with Merger

Posted by on Wednesday, April 4, 2018 in Delaware Corporate Law Bulletins, En Banc.

Delaware-Court-Summons-Corwin-to-Dismiss-Breach-of-Fiduciary-Duty-Claim-Grounded-in-Allegations-of-Director-Self-Interest-in-Connection-with-Merger

ABSTRACT

Also determines that plaintiffs failed to adequately allege that atarget company board breached its duty of loyalty or acted in bad faith

AUTHOR

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.

Miron Klimkowski
Vanderbilt University Law School, JD Candidate, May 2018.