David Bernstein

David Bernstein

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The Caremark Chimera: Can Directors Be Liable when the Red Flag is hidden from Them?

On June 18, 2019, in Marchand v. Barnhill, the Delaware Supreme Court revived a stockholder derivative lawsuit against the directors of ice-cream manufacturer Blue Bell Creameries USA, Inc. The suit alleged breaches of the...more

6/26/2019  /  Corporate Counsel , DE Supreme Court , Derivative Suit , Fiduciary Duty , Red Flags Rule , Stocks
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