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Court Of Chancery Rejects Compensation Claim
Posted In Derivative Claims
Zucker v. Andreessen, C.A. 6014-VCP (June 21, 2012)
This is a run -of -the mill dismissal of a derivative suit for failure to justify the lack of demand on the board, but with a twist. For the decision highlights just how hard it is to show that a board is liable for paying an executive too much. Hence, curbs on compensation are left to the stockholders' vote to control.
Tags: Derivative Claims
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