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Disregard of Speculative Financial Projections Was Not Bad Faith
  • Morris James LLP
  • USA
  • June 1 2016

In a stockholder challenge to a sale of the company, a plaintiff may rebut the business judgment rule by pleading facts that support a reasonable

Chelsea TherapeuticsCourt of Chancery Dismisses Claims that Directors Breached Fiduciary Duties by Not Utilizing Certain Management Projections
  • Fried Frank Harris Shriver & Jacobson LLP
  • USA
  • May 24 2016

The Delaware Court of Chancery's decision in Chelsea Therapeutics Stockholder Litigation (May 20, 2016) underscores the benefits of disclosure to

Richard L Spinogatti
  • Proskauer Rose LLP

Taraneh Fard
  • Sheppard Mullin Richter & Hampton LLP