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: Delaware Corporate and Commercial Litigation BlogChancery Court Describes Disclosure Obligations and Revlon Duties of Directors in Transaction
By Francis G. X. Pileggi, Esq.
The Washington Legal Foundation published an article here last week that is an overview I did of the recent Delaware Chancery Court decision in Wayne County Employees' Retirement System v. Corti, 2009 Del. Ch. LEXIS 126 (Del. Ch. 2009). The Court's opinion describes the duties of directors in the context of a contested transaction and also recites the Revlon duties of directors.
UPDATE: Professor Stephen Bainbridge, whose corporate law scholarship is often cited in Chancery Court opinions, refers to this decision here.
Full post as published by Delaware Corporate and Commercial Litigation Blog on September 28, 2009 (boomark / email).
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