Corporate Governance

Delaware's Top Five Worst Shareholder Decisions for 2008 (A Response)

By J. Robert Brown

As he did last year, Francis Pileggi at the Delaware Corporate and Commercial Litigation Blog has responded to my list of the five most anti-shareholder decisions by the Delaware courts in 2008 (a five part series beginning with this post).  He has offered a list of cases designed to "counterbalance" those in my list.  Two of the cases, Julian v. Eastern States and Ryan v. Lyondell have been the subject of considerable commentary on this Blog (with Julian playing a prominent role in the paper, Returning Fairness to Executive Compensation).

We leave it to readers to resolve the debate and look forward to any commentary on the subject.  Until next year, when, as in 2008, there will no doubt be more than enough material for yet another set of competing lists.

Full post as published by The Race to the Bottom on January 06, 2009 (boomark / email).