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Court Of Chancery Explains Bad Faith Claim

By Morris James LLP on November 26, 2014
Posted In Directors, Fiduciary Duty
In Re Novell Shareholders Litigation, C.A. 6032-VCN (November 25, 2014) When does a board act in bad faith so as to not be entitled to exculpation under a corporate charter? As this decision explains, mere mistakes in complicated negotiations do not come close to supporting a bad faith claim. Share
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