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24 Aug 2016, 4:26 pm by Kevin LaCroix
However, while diverse directors may serve for many reasons, they still must be able to discharge their duties to the corporation. [read post]
2 Mar 2016, 11:33 am
  (2) Absent a particularized rebuttal, statements made by a majority-disinterested and majority-independent board of directors within a letter refusing demand are presumed true and may properly be considered by the court. (3) In a derivative action, a shareholder’s right of discovery as to the issue of whether a board of directors acted appropriately in refusing demand is denied unless shareholder has met her burden of proof under the business… [read post]
28 Sep 2011, 6:53 pm by Rosenbaum & Associates
The administrator proposed bankruptcy in May of 2004, but the board opted for a loan instead, eventually filing for bankruptcy 11 months later. [read post]
5 May 2017, 6:14 am
Stout, Cornell Law School, on Thursday, May 4, 2017 Tags: Accountability, Citizens United v. [read post]
6 Aug 2015, 6:21 pm by Kevin LaCroix
But what specifically should boards of directors be worried about and what questions should they be asking? [read post]
13 Jan 2022, 11:05 am by Kevin LaCroix
[iv] The cost to defend such allegations may be allocated or multiplied depending on the interested party involvement, particularly individual board members that might implicate Outside Director Liability cover. [read post]
24 Jul 2011, 1:46 pm by Francis Pileggi
., Professor of Law and Director of the Center for the Study of Mergers & Acquisitions at the Pennsylvania State University School of Law, has written an article that proposes a new single standard to address the multiple standards that have been discussed in Delaware court decisions to determine the type of review that the courts will employ against target boards who are involved in a takeover transaction. [read post]
25 Oct 2007, 3:40 pm
 Even when the company is insolvent, the board may pursue, in good faith, strategies to maximize the value of the firm . [read post]
A single stockholder (or group) may nominate director candidates for up to 25 percent of the total board seats up for election. [read post]
11 Oct 2006, 8:29 am
The Court of Chancery may be called upon to decide the scope of a board of director's duties in appropriate cases. [read post]
11 Oct 2006, 8:29 am
The Court of Chancery may be called upon to decide the scope of a board of director's duties in appropriate cases. [read post]