4 Significant Corporate Law Rulings

Law360, New York (February 18, 2009, 12:00 AM EST) -- In its recent Gantler v. Stephens decision, the Delaware Supreme Court announced several significant rulings and clarifications concerning Delaware corporate law, including:

1) explicitly ruling that officers of Delaware corporations owe the same fiduciary duties as those owed by directors;

2) limiting the insulating effect of common law shareholder ratification;

3) clarifying the application of the enhanced judicial scrutiny articulated in Unocal; and

4) explaining that while a board’s decision not to merge by itself is insufficient to rebut the business judgment presumption, the presumption may...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.