Del. Sup. Ct. Decision Shields Directors From Personal Liability For Sale of Company — Even If Sale Process Was Flawed
April 13, 2009
Foley Partners Gardner Davis and Linda Kelso authored an article titled “Del. Sup. Ct. Decision Shields Directors From Personal Liability For Sale of Company — Even If Sale Process Was Flawed” in the April 13, 2009 issue of Corporate Officers & Directors Liability. Davis and Kelso discuss the possible impact of a Delaware Supreme Court ruling that struck down a decision allowing investors to press their suit against Lyondell Chemical Co.’s directors for accepting a $13 billion merger bid.
Author(s)
Related Insights
August 12, 2025
Foley Viewpoints
The Executive Order Guaranteeing Fair Banking for All Americans and Its Implications for State Regulation of Insurance Trade Practices Related to Political Opinions
On August 7, 2025, the White House issued an Executive Order titled “Guaranteeing Fair Banking for All Americans,” which is intended to…
August 12, 2025
Health Care Law Today
Health Care Marketing Enforcement: FTC Targets Telehealth Company for Deceptive Weight Loss Marketing Claims
On July 14, 2025, the operators of telemedicine company Southern Health Solutions, Inc., doing business as Next Medical and NextMed,…
August 12, 2025
Energy Current
Inside DOE’s 10-Reactor Fleet Program: A Practical Guide
The U.S. Department of Energy (DOE) unveiled its Reactor Pilot Program – also known as the 10 Reactor Fleet Program – in reaction to one…