1. Gantler v. Stephens, No. 132, 2008, SUPREME COURT OF DELAWARE, November 5, 2008, Submitted, January 27, 2009, Decided
OVERVIEW: Dismissal was reversed; shareholders' allegations of disloyalty rebutted business judgment rule presumption, and officers and directors owed duty of care and loyalty. Scope of shareholder ratification doctrine was limited to circumstance where informed shareholder vote approved director act that did not require shareholder approval to be effective.
If you are not a registered lexisONE® Community user, you will be asked to register.
Registration is free.
