In this issue, we discuss Delaware court developments, including the first-ever dismissal of a SPAC disclosure complaint, as well as rulings pertaining to financial advisor conflict and disclosure law, state laws involving...more
6/26/2024
/ Acquisitions ,
Board of Directors ,
Business Judgment Rule ,
Commercial Litigation ,
Corporate Governance ,
DE Supreme Court ,
Disclosure ,
Disclosure Requirements ,
Mergers ,
Securities and Exchange Commission (SEC) ,
Securities Litigation
Delaware case law recognizes that directors and officers owe a duty of oversight, and failure to adequately exercise such duty may result in liability. Such claims — known as “Caremark claims” after the seminal decision in In...more