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Delaware court affirms directors' business judgment in handling the current financial crisis
- Day Pitney LLP
- -
- USA
- -
- March 4 2009
In the recent Citigroup decision, the first to assess director responsibilities in the current financial crisis, the Delaware Chancery Court affirmed Citigroup's board of directors' business judgment in managing the risks involving Citigroup's financial exposure to the subprime mortgage market
