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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
The Court of Chancery Examines Indemnification Requirements
This officer indemnification case arises out of one of the more sordid tales to appear in a Court of Chancery opinion and a later Delaware Supreme Court affirmance. This opinion, however, focuses on the less titillating but always intriguing question of whether the officer was sued by reason of the fact that he was an officer, as required to trigger indemnification rights.