Accidents Happen: Innocent Mistakes By Board May Not Spoil Business Judgment Protection
By EsqSocial Corporation 14/11/13
Recently, the Delaware Court of Chancery in Pfeiffer v. Leedle declined to dismiss a shareholder derivative action against a board for breach of fiduciary duty, where the directors allegedly approved stock options exceeding the maximum number of...
By: Orrick - Securities Litigation and Regulatory