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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Court Of Chancery Discusses Special Conflict Committees
This transcript is noteworthy for 2 reasons. First, it reflects the Court's view that a conflict committee in an LLC must examine all the important aspects of a proposed transaction before a motion to dismiss will be granted based on the committee's approval of the deal under attack. Second, the transcript shows the Court's respect for the NYSE definition of when a director is "independent."