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To embed, copy and paste the code into your website or blog: Delaware corporations may provide indemnification rights to their directors and officers either through the corporation’s organizational documents or by separate agreements. This case concerned the survival and scope of these rights following a merger. Here, Defendant B. Riley Financial acquired Plaintiff Gary Wunderlich’s two companies by merger. The companies became subsidiaries of B. Riley. Wunderlich remained an officer and director of both. The scope of Wunderlich’s indemnification rights arguably were defined by various sources, including his former companies’ bylaws and the merger agreement. Subsequently, a third party brought a FINRA arbitration against Wunderlich and one of his former companies for alleged misconduct pre-dating the merger. B. Riley assumed the defense, eventually settled the matter and paid the settlement consideration. B. Riley asserted that Wunderlich was not entitled to indemnificatio

United statesGary wunderlichPlaintiff gary wunderlichஒன்றுபட்டது மாநிலங்களில்கேரி உண்தேர்லிச்