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Corporate & Securities Law

: BusinessAssociationsBlog.com

New Delaware Guidance on SLCs

By Stephen Bainbridge

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In Sutherland v. Sutherland, Delaware Vice Chancellor Stephen Lamb has provided important guidance on the use of special litigation committees to resolve shareholder derivative litigation. (HT: Pileggi) First, with respect to the composition of the committee: At the time the SLC was formed, the court agreed to impose a brief stay of proceedings to permit the SLC to do its work without the...

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Full post as published by BusinessAssociationsBlog.com on March 12, 2008 (boomark / email).

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