Kevin Broughel

Paul Hastings LLP

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Latest Posts › Fiduciary Duty

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Delaware Court Imposes Price Bump Damages for Revlon Sales Process and Disclosure Violations

On March 15, 2023, Chancellor McCormick of the Court of Chancery in Delaware issued a post-trial opinion in a stockholder class action imposing liability upon a founder and CEO (“CEO”) for breaching Revlon sales process...more

3/27/2023 / Aiding and Abetting , CEOs , Change of Control , Class Action , Duty of Care , Duty of Loyalty , Fiduciary Duty , Revlon , Shareholder Litigation , Standard of Review

Delaware Court of Chancery Dismisses Duty of Oversight and Care Claims Against Directors

In our February 14, 2023 Stay Current, we discussed a Delaware Court of Chancery decision allowing shareholder derivative claims to proceed against a corporate officer for alleged oversight duty failures stemming from...more

3/14/2023 / Bad Faith , Board of Directors , Breach of Duty , CEOs , Corporate Misconduct , Fiduciary Duty , Harassment , Oversight Duties , Red Flags Rule , Shareholders

Delaware Court of Chancery Expressly Holds that Corporate Officers Owe a Duty of Oversight

In a recent opinion, the Delaware Court of Chancery for the first time expressly held that corporate officers, like corporate directors, owe a duty of oversight. In defining the scope of the oversight duty at the officer...more

2/15/2023 / CEOs , Chief Compliance Officers , Corporate Officers , DE Supreme Court , Duty of Oversight , Fiduciary Duty , Good Faith , Red Flags Rule

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