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The Court of Chancery Examines Indemnification Requirements

Posted In Indemnification

Horne v. Optimiscorp, C.A. No. 12268-VCS (Mar. 3, 2017) 

This officer indemnification case arises out of one of the more sordid tales to appear in a Court of Chancery opinion and a later Delaware Supreme Court affirmance.  This opinion, however, focuses on the less titillating but always intriguing question of whether the officer was sued by reason of the fact that he was an officer, as required to trigger indemnification rights.