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Marchand.pdf
Marchand.pdf
Delaware Chancery Court Allows Claims To Proceed Alleging Merger Procedural Violations
The Delaware Chancery Court reminds practitioners that failing to follow statutory merger procedures can create liability for directors and those failures may not be remedied by supplemental disclosures in every case.
Texas Supreme Court Ruling Details Requirements For Effective Statute of Limitation Waivers
The Texas Supreme Court confirms that contractual statute of limitation waivers, while typically against public policy, are enforceable if they are sufficiently specific and for a reasonable period of time, and that other applicable statutes of limitation may operate to satisfy the reasonable time requirement.
Delaware Supreme Court Holds Directors’ Fiduciary Duties Require Monitoring Mission Critical Risks
A recent Delaware Supreme Court opinion provides guidance to directors for overseeing enterprise risk and discusses potential claims for breach of fiduciary duty when this oversight is insufficient.