Abstract

http://ssrn.com/abstract=223810
 


 



Rethinking Judicial Review of Director Care


Lyman Johnson


Washington and Lee University - School of Law; University of St. Thomas, St. Paul/Minneapolis, MN - School of Law


Delaware Journal of Corporate Law, Vol. 24, P. 787

Abstract:     
This article offers an extended critique of the Delaware Supreme Court's unprecedented use of an entire fairness test in a breach of due care setting, as first articulated in Cede & Co. v. Technicolor, Inc. 634 A.2d 345 (Del. 1993) and Cinerama, Inc. v. Technocolor, Inc., 663 A.2d 1156 (Del. 1995). The article then argues for a generalized reasonableness standard for director conduct and for judicially reviewing care claims, thereby providing Delaware law with something it has lacked historically ? a pervasive (yet still streamlined) duty of due care.

Accepted Paper Series





Not Available For Download

Date posted: May 25, 2000  

Suggested Citation

Johnson, Lyman, Rethinking Judicial Review of Director Care. Delaware Journal of Corporate Law, Vol. 24, P. 787 . Available at SSRN: http://ssrn.com/abstract=223810

Contact Information

Lyman P. Q. Johnson (Contact Author)
Washington and Lee University - School of Law ( email )
Lexington, VA 24450
United States
540-458-8515 (Phone)
540-458-8488 (Fax)
University of St. Thomas, St. Paul/Minneapolis, MN - School of Law
MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

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