Lyondell Chemical Co. v. Ryan: The Duty of Good Faith Comes to Revlon-Land
Engage, Vol. 11.1, p. 14, March 2010
10 Pages Posted: 27 Jun 2010
Date Written: March 1, 2010
In this short article, I consider Lyondell Chem. Co. v. Ryan, probably the most important Revlon case that the Delaware courts have decided in several years. I give particular attention to how the Delaware Supreme Court and the Delaware Court of Chancery dealt with the good-faith component of a board's duty of loyalty once Revlon-duties have been triggered.
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