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Delaware Court of Chancery declares directors can lose independence if intimidated to act

  • Herrick Feinstein LLP
  • -
  • USA
  • -
  • November 23 2011

The Delaware Court of Chancery has refused to dismiss a breach of fiduciary duty claim brought against the directors of infoGROUP, Inc. by former shareholder, the New Jersey Carpenters Pension Fund

Officers may need to reimburse payments received during periods later restated

  • Herrick Feinstein LLP
  • -
  • USA
  • -
  • August 18 2010

Companies should carefully consider the effect that issuing a financial restatement will have on their CEOs and CFOs