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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

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Delaware Court Rejects Revlon Claims; Approves Process-Based Approach for Evaluating Director ActionsA Revlon claim against target company directors for their conduct in negotiating a sale of the company failed. While it was possible that the directors could arguably have better navigated the sale process, held the Chancery Court, Delaware law does not require perfection. Chancellor Chandler said that Delaware law does not hold directors liable for failing to carry out a perfect process in a sal read more

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Full post as published by Jim Hamilton's World of Securities Regulation on August 05, 2009 (boomark / email).

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