• Protections For Directors And Officers Slide Backwards In Delaware; Private Equity Firms Should Take Particular Note
  • June 20, 2007 | Authors: Robert F. Quaintance; V. Mary Abraham
  • Law Firm: Debevoise & Plimpton LLP - New York Office
  • This client update highlights a decision by The Delaware Court of Chancery, that a director's expenses incurred in an unsuccessful effort to enforce a corporation's indemnification obligations must be paid by the director, notwithstanding the corporation's prior unconditional agreement to bear such expenses.