Posted on January 10, 2007 by Francis G.X. Pileggi

Caremark Issues Addressed in Recent Chancery Case

Recently, I cursorily blogged about the Chancery Court decision in Araneta of a few weeks ago, here. Prof. Gordon Smith provides a more scholarly analysis of the case and its Caremark aspects. Here is the link: Conglomerate Blog: Business, Law, Economics & Society
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Delaware Corporate and Commercial Litigation Blog - February 16, 2008 11:38 AM
In ATR-KIM ENG FINANCIAL CORPORATION v. ARANETA, (Del. Ch., December 21, 2006), 2006 WL 3783520, read opinion here, the Delaware Chancery Court found directors liable for acting as mere "tools" of the majority shareholder, (see footnote 129),...
Delaware Corporate and Commercial Litigation Blog - February 17, 2008 2:30 PM
One corporate law professor argues that the landmark Delaware Chancery Court decision in 1996 of In Re Caremark, describing a director's duty of oversight, was "dead upon enunciation" and it is really a Potemkin Village that never really resu...
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