Litigation AlertKey Takeaways
The Delaware Court of Chancery reaffirmed that the business judgment rule protects board decisions to suspend and terminate a CEO, even where stockholder-level family disputes exist, so long as directors act in good faith and with a rational business purpose.
Independent directors may consult with stockholders and consider stockholder-level disputes without breaching their fiduciary duties, provided they maintain their subjective good faith belief that their action...
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