On March 1, 2023, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery dismissed derivative claims brought by stockholders for breach of the fiduciary duty of oversight...
Source: jdsupra.com
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McDonald's Court Dismisses Caremark Claims Against Directors
Here we have another in a string of McDonald's cases-all of them arising out of workplace misconduct at McDonald's, none even dipping its toe into employment law. First, you'll remember, there were... | March 28, 2023
Source: marketscreener.com
McDonald's court dismisses Caremark claims against directors | Cooley LLP
Here we have another in a string of McDonald’s cases—all of them arising out of workplace misconduct at McDonald’s, none even dipping its toe into employment law. First, you’ll...
Source: jdsupra.com
Landmark Ruling on Oversight Liability Creates New Risks for Corporate Officers | Schiffer Hicks Johnson
According to a recent decision handed down by the Delaware courts, corporate officers must now contend with a new avenue of liability: the duty of oversight. Previously, only a...
Source: jdsupra.com
Delaware Court of Chancery Determines That the Duty of Oversight Applies to Corporate Officers
For almost 30 years, the Delaware courts have held that corporate directors are charged with a fiduciary duty of “oversight.” Directors must make…
Source: lexology.com