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.
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