Corporate Governance

Delaware and the Anti-Shareholder Bias

By J. Robert Brown

We have been a bit remiss in our coverage of decisions coming out of Delaware.  There have been a couple in recent weeks that deserve note.  Over the next week or so, each morning, we will run a post on some of these decisions.  They include Wood v. Baum and In re Transkaryotic.  The cases raise a number of intriguing legal issues.  They also contain language and tone that reflects a harsher view of plaintiffs (shareholders) than defendants (boards of directors) .  We have noted this in Wood with our post on the use of the term prolix.  We will continue the theme in later posts.  

Full post as published by The Race to the Bottom on July 16, 2008 (boomark / email).