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Delaware Supreme Court Enforces Partnership Agreement’s Unambiguous Exculpation Provision Waiving Fiduciary Duties and Presuming Good Faith When Relying on Advice of Counsel in Reversing $690 Million Damages Award to Minority Investors of Boardwalk Pipeline Partners LP On December 19, 2022, Chief Justice Seitz issued an opinion for a unanimous Delaware Supreme Court, sitting en bane, reversing and remanding the Delaware Court of Chancery’s decision in… [read post]

The Harvard Law School Corporate Governance Blog - https://corpgov.law.harvard.edu/

Delaware Supreme Court Enforces Partnership’s Agreement Unambiguous Exculpation Provision

26 Feb 2023, 6:30 am

Delaware Supreme Court Enforces Partnership Agreement’s Unambiguous Exculpation Provision Waiving Fiduciary Duties and Presuming Good Faith When Relying on Advice of Counsel in Reversing $690 Million Damages Award to Minority Investors of Boardwalk Pipeline Partners LP On December 19, 2022, Chief Justice Seitz issued an opinion for a unanimous Delaware Supreme Court, sitting en bane, reversing and remanding the Delaware Court of Chancery’s decision in… [read post]

Harvard Law School Forum on Corporate Governance - https://corpgov.law.harvard.edu

Chancery Examines Partnership Agreement Allowing Deference to General Partner’s Decisions While Acting in its Individual Capacity and Instances in Which a Tortious Interference Claim can Extend to a General Partner’s Controllers

2 Dec 2019, 6:00 am by Albert H. Manwaring, IV, Kathleen A. Murphy, K. Tyler O'Connell

Bandera Master Fund LP v. [read post]

Delaware Business Litigation Report - http://www.morrisjames.com/blogs-Delaware-Business-Litigation-Report

Weekly Roundup: February 3-9, 2023

10 Feb 2023, 7:04 am

Mangino, Fried, Frank, Harris, Shriver & Jacobson LLP, on Wednesday, February 8, 2023 Tags: Boardwalk Pipeline Partners, Delaware cases, Delaware Court of Chancery, Delaware law, Fiduciary duties, LP v. [read post]

The Harvard Law School Corporate Governance Blog - https://corpgov.law.harvard.edu/

Weekly Roundup: February 3-9, 2023

10 Feb 2023, 7:04 am

Mangino, Fried, Frank, Harris, Shriver & Jacobson LLP, on Wednesday, February 8, 2023 Tags: Boardwalk Pipeline Partners, Delaware cases, Delaware Court of Chancery, Delaware law, Fiduciary duties, LP v. [read post]

Harvard Law School Forum on Corporate Governance - https://corpgov.law.harvard.edu

Weekly Roundup: February 24 – March 2, 2023

3 Mar 2023, 6:30 am

The 2023 board agenda Posted by Carey Oven, Caroline Schoenecker and Bob Lamm, Deloitte & Touche LLP, on Friday, February 24, 2023 Tags: Board composition, Board of Directors, Climate change, climate disclosures, Cyber-risk, Stakeholders How To Fix The C-suite Diversity Problem Posted by Tina Shah Paikeday, and Nisa Qosja, Russell Reynolds Associates, on Saturday, February 25, 2023 Tags: Board of Directors, C-suite, CEOs, Diversity, S&P100, S&P500 Delaware Supreme Court Enforces… [read post]

The Harvard Law School Corporate Governance Blog - https://corpgov.law.harvard.edu/

Weekly Roundup: February 24 – March 2, 2023

3 Mar 2023, 6:30 am

The 2023 board agenda Posted by Carey Oven, Caroline Schoenecker and Bob Lamm, Deloitte & Touche LLP, on Friday, February 24, 2023 Tags: Board composition, Board of Directors, Climate change, climate disclosures, Cyber-risk, Stakeholders How To Fix The C-suite Diversity Problem Posted by Tina Shah Paikeday, and Nisa Qosja, Russell Reynolds Associates, on Saturday, February 25, 2023 Tags: Board of Directors, C-suite, CEOs, Diversity, S&P100, S&P500 Delaware Supreme Court Enforces… [read post]

Harvard Law School Forum on Corporate Governance - https://corpgov.law.harvard.edu

Court of Chancery Denies Motion to Dismiss Implied Covenant of Good Faith and Fair Dealing Claim

5 Feb 2020, 1:55 pm by Francis Pileggi

Among them, the covenant cannot be used to: rebalance economic interests after events that could have been anticipated but were not cause harm to one of the parties (see, e.g., Bandera Master Fund LP v. [read post]

Delaware Corporate and Commercial Litigation Blog - http://www.delawarelitigation.com/

Prof. Hamermesh recaps 40-plus years of Delaware corporate law trends at 35th Annual F.G. Pileggi Distinguished Lecture

12 Nov 2019, 12:26 pm by Francis Pileggi

Compare generally, Bandera Master Funds LP v. [read post]

Delaware Corporate and Commercial Litigation Blog - http://www.delawarelitigation.com/