High Court Clarifies Reach of Director and Officer ‘Consent’ Statute

In the April 13, 2016 edition of the Delaware Business Court Insider, partner Tyler O’Connell writes that in Hazout v. Ting, the Delaware Supreme Court recently provided a new, relatively expansive interpretation of Delaware’s so-called director and officer “consent” statute, and in doing so rejected longstanding precedent that applied a narrower interpretation as inconsistent with the statute’s plain meaning.