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Top News In ஆரோக்கியம் சேவைகள் காப்பீடு திட்டம் Today - Breaking & Trending Today

Del. Chancery Court Decision Caremark Claims

The Delaware Court of Chancery held that stockholders of AmerisourceBergen Corporation a pharmaceutical sourcing and distribution company, adequately pled facts supporting the inference that certain ABC officers and directors breached fiduciary duties ....

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CoreLogic Investor Sues In Del. For $6B Go-Private Sale Docs

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CoreLogic Investor Sues In Del. For $6B Go-Private Sale Docs
Law360 (April 28, 2021, 2:41 PM EDT) A pension fund investor in CoreLogic has sued for access to records on the company s $6 billion go-private sale, citing concerns that the real estate data company s top officers and directors rejected a better offer out of concern for their own interests.
The suit, filed Tuesday on behalf of Teamsters Local 677 Health Services & Insurance Plan, focused on a string of potentially better offers than the $80-per-share sale to funds managed by private equity companies Stone Point Capital and Insight Partners. Among the highest was a CoStar Group Inc. final cash-and-stock offer valued at $1.25 billion more than the go-private. ....

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CoreLogic Investor Sues In Del. For $6B Go-Private Sale Docs

CoreLogic Investor Sues In Del. For $6B Go-Private Sale Docs
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

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Delaware Supreme Court Affirms Decision Easing Burden On Stockholders Seeking Access To Corporation Books And Records - Employment and HR

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In a recent opinion, the Delaware Supreme Court (the Court)
eased the burden on stockholders of Delaware corporations seeking
access to a corporation s books and records under Section 220
of the Delaware General Corporation Law (DGCL).
In
AmerisourceBergen Corporation v. Lebanon County
Employees Retirement Fund, 243 A.3d 417 (2020), the
Delaware Supreme Court affirmed a Delaware Court of Chancery
decision holding that (1) to state a proper purpose under Section
220, the plaintiff need not identify the particular course of
action the stockholder will take with the information gathered if ....

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Recent Trends in Officer Liability | Skadden, Arps, Slate, Meagher & Flom LLP

More than a decade ago in the seminal case
Gantler v. Stephens,
1 the Delaware Supreme Court clarified that officers of Delaware corporations owe the same fiduciary duties of care and loyalty that directors owe to the corporation and its stockholders.
While directors and officers owe the same fiduciary duties, they are not entitled to the same defenses. Section 102(b)(7) of the Delaware General Corporation Law (DGCL) permits a corporation to adopt a provision in its certificate of incorporation exculpating directors from money damages for breaches of the duty of care. Those provisions, which are routinely adopted by Delaware corporations, do not apply to corporate officers. ....

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