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7 Dec 2010, 1:03 pm by Kara OBrien
If the lawyer is both lawyer and businessperson, is she providing legal advice to the corporation in the form of herself as the corporate decision-maker? [read post]
6 Feb 2023, 9:01 pm by renholding
Background Under Delaware corporate law, directors owe fiduciary duties of care and loyalty to the corporation that they serve.[2] Since the Caremark case, these duties have included an obligation for directors to exercise oversight by making a good faith effort to implement and monitor reasonable information and reporting systems and controls.[3] A director who (i) utterly fails to implement any reporting or information system or controls (a “prong 1” failure); or (ii)… [read post]
27 Mar 2023, 9:01 pm by renholding
We review a number of significant developments in Delaware corporate law, including the Court of Chancery’s clarification of directors’ oversight duties, and the Delaware General Assembly’s expansion of Section 102(b)(7) of the Delaware General Corporation Law to include exculpation of officers for personal liability arising from breaches of the duty of care. [read post]
28 Nov 2023, 5:24 am by Guest Author
 General Motors Corp., 624 F.2d 1373 (5th Cir. 1980) Alexander v. [read post]
9 Jul 2023, 10:59 am by Thomas B. Griffith
In a per curiam opinion joined by Judges Henderson, Pillard, and Pan, the Court in Intellistop, Inc. v. [read post]
30 Aug 2010, 6:20 pm
Philips Corporation, from enforcing its patent rights against the appellants Princo Corporation and Princo America Corporation (collectively, "Princo"). [read post]
1 Feb 2013, 9:14 am by Rebecca Tushnet
Stevo Design, Inc., v  SBR Marketing Ltd., 11-CV-00304 (D. [read post]
5 Aug 2009, 11:30 am
Today, President Obama visited Navistar International Corporation, in Elkhart, Ind., to make the announcement. [read post]
17 Mar 2020, 1:32 pm by Noble McIntyre
How obvious it is to the general public that the recalled product is deficient. [read post]
31 Aug 2010, 12:15 pm by Lawrence B. Ebert
Motor City Metal Treating, Inc., 440 F.2d 77, 84-85 (6th Cir. 1971) (There is no such thing as “mis- use in the air. [read post]