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Court of Chancery Explains Notice Required Before Directors Act
Posted In Directors
Optmiscorp v. Waite, C.A. 8733-VCP ( August 26, 2015)
This decision concerns a soap opera with bizarre facts and alleged witness tampering that hopefully will never be repeated. It does have a good discussion on what notice the board of directors must give to a controller before taking action to oust him as CEO. None is the answer.
Tags: Directors
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