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In recent weeks, the courts in Delaware have issued several rulings that have stern messages for directors to take action and be accountable in their governance, which may ultimately accelerate directors' decisions to pursue a merger, sale or other transaction to save a distressed company. Directors and officers can take some comfort that the courts do not expect them to make perfect decisions. However, the rulings regarding directors' liabilities provide a new twist for future litigation.
September 02, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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