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Expert Analysis

Rare Del. Oversight Ruling Sends Governance Wake-Up Call

By Mike Bongiorno, Tim Perla and Jessica Lewis ( September 23, 2025, 2:17 PM EDT) -- In a rare direct action brought by a bankruptcy plan administrator, the Delaware Court of Chancery on Sept. 2 allowed Caremark oversight claims to proceed against two former directors and two former officers of a company previously known as Teligent Inc., a generic pharmaceutical manufactuer that filed for Chapter 11 in 2021....

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