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Corporate & Securities Law

: BusinessAssociationsBlog.com

Caremark Imposed on Officers

By Stephen Bainbridge

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From Delaware Business Litigation Report: Delaware Bankruptcy Court Applies Caremark to Officers: Miller v. McDonald, C.A. 07-51350 (Bankr. Del. April 9, 2008) In a case of apparent fist impression, a bankruptcy court in Delaware has held that Caremark duties apply to corporate officers as well as directors. Thus, corporate officers also have the duty to exercise reasonable care in oversight...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on April 30, 2008 (boomark / email).

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