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Delaware Supreme Court Reaffirms Exculpation Protections in Sale of Corporate Control and Clarifies Revlon Duties by Stanley Keller
Edwards Angell Palmer & Dodge LLP - Boston Office
John L. Reed
Edwards Angell Palmer & Dodge LLP - Wilmington Office
Christine M. O'Connor
Edwards Angell Palmer & Dodge LLP - Boston Office
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May 7, 2009
Previously published on April 2009
Recently, in Lyondell Chem. Co. v. Ryan, the Delaware Supreme Court reaffirmed the protections afforded directors in their efforts to obtain the best price in a corporate sale and provided important clarification of directors duties in navigating change of control transactions.
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