About This Blog
Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
- Chancery Finds Stockholder Conferred a Substantial Corporate Benefit by Challenging the Joint Vote of Two Classes of Common Stock under Section 242(b)(2) of the DGCL
- Court of Chancery Awards Plaintiffs Attorneys’ Fees and Costs in Section 225 Action for Obtaining a Substantial Benefit for the Corporation and its Stockholders
Morris James Blogs
Court of Chancery Defines Bad Faith, Again
By Morris James LLP on August 29, 2008
Posted In Directors
McPadden v. Sidhu, C.A. 3310-CC (Del Ch. Aug. 29, 2008)
This decision again affirms that bad faith is not the same a gross negligence and explains the difference. That distinction is important because usually directors are immunized from decisions made in good faith, even if negligent.
Tags: Case Summaries, DirectorsShare
- US News Best Law Firms
- JD Supra Readers Choice Award
- Delaware Today Top Lawyers
- Super Lawyers