Felix S. Lee Fenwick & West LLP
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Delaware Supreme Court confirms officers' fiduciary duties and refines the application of the common law doctrine of shareholder ratification *
USA - February 18 2009
The Delaware Supreme Court's recent decision in Gantler vs. Stephens (Del. January 27, 2009) – where the Court issued a rare reversal of a Court of Chancery decision – contains several noteworthy holdings on core corporate governance principles, including "entire fairness" review of a breach of fiduciary duty claim, the fiduciary duties of corporate officers, and the applicability of the common law doctrine of shareholder ratification to corporate transactions.
Co-authors: Lynda M. Twomey, Kevin P. Muck, Douglas N. Cogen.
Co-authors of Felix S. Lee
Other Fenwick & West LLP authors
- Allen Kato,
- Barry Kramer,
- Dan Ko Obuhanych,
- Daniel J. McCoy,
- Darren E. Donnelly,
- David Marty,
- David Tellekson,
- Enia Titova,
- Ewa M. Davison,
- Jedediah Wakefield,
- Jennifer Stanley,
- Marie Bafus,
- Matt Rossiter,
- Melanie L. Mayer,
- Michael A. Sands,
- Michael J. Patrick,
- Mitchell Zimmerman,
- Sean Wikner,
- Sheeva J. Ghassemi-Vanni,
- Tyler G. Newby