Firm Memoranda

Delaware Supreme Court Makes Litigation Against Independent Directors More Difficult

Date: 05/20/15

On May 14, 2015, the Delaware Supreme Court held that independent directors protected by an exculpatory corporate charter provision are entitled to dismissal of an action for damages, where the plaintiff does not adequately plead a non-exculpated claim.

CGR Memo - Delaware Supreme Court Makes Litigation Against Independent Directors More Difficult.pdf (pdf | 130.91 KB )