Del. Sup. Ct. Decision Shields Directors From Personal Liability For Sale of Company — Even If Sale Process Was Flawed

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.