Health care provider boards of directors have been put on notice—given these two recent Delaware court decisions - Clovis and Marchand—that courts may be willing to significantly extend a corporate board’s Caremark duty to...more
1/14/2020
/ Bad Faith ,
Board of Directors ,
Breach of Duty ,
Caremark claim ,
Compliance ,
Corporate Officers ,
DE Supreme Court ,
Duty of Loyalty ,
Food and Drug Administration (FDA) ,
Health Care Providers ,
Oversight Duties ,
Personal Liability ,
Pleading Standards ,
Regulatory Standards ,
Risk Management
Board oversight of significant company risk areas and legal compliance deserves renewed attention, as the Delaware Supreme Court recently ruled that monitoring practices that have previously been considered acceptable may...more
10/18/2019
/ Blue Bell Creameries ,
Board of Directors ,
Breach of Duty ,
Caremark claim ,
Compliance ,
Controlling Stockholders ,
DE Supreme Court ,
Derivative Suit ,
Duty of Loyalty ,
Failure To State A Claim ,
Fiduciary Duty ,
Liability ,
Listeria ,
Manufacturing Facilities ,
Oversight Duties ,
Risk Management ,
Senior Managers
In Marchand v. Barnhill, a unanimous Delaware Supreme Court imposed substantial new procedural expectations on corporate directors to satisfy their fiduciary duty of oversight related to material risk areas and legal...more
9/28/2019
/ Appeals ,
Bad Faith ,
Board Meetings ,
Board of Directors ,
Breach of Duty ,
Corporate Minutes ,
Damages ,
DE Supreme Court ,
Duty of Care ,
Duty of Loyalty ,
Fiduciary Duty ,
Food Safety ,
Listeria ,
Oversight Duties ,
Reversal ,
Risk Management ,
Senior Managers ,
Shareholder Litigation