Directors See More Deference In Wis. Courts Than In Del.

Law360 (March 6, 2019, 1:50 PM EST) -- Wisconsin courts continue to distinguish Wisconsin law from that of other jurisdictions, most notably Delaware. In late 2018, the dismissal of shareholder lawsuits against National Research Corp., or NRC, and its directors in Wisconsin state court and federal court in Nebraska again proved the point. (NRC is headquartered in Nebraska, but incorporated under Wisconsin law.) These cases are the latest in a recent Wisconsin corporate-law trend delineating the duties and potential liability of directors of Wisconsin corporations.

Unlike in decades past when Wisconsin’s courts looked to Delaware law for guidance to fill perceived gaps in Wisconsin corporate law, Wisconsin courts now...

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