Chancery Court Highlights Important Distinctions Between Advancement and Indemnification; Explains Underlying Policy for Both; Grants Advancement for Defense of Counterclaims by Company
Paolino v. Mace Security International, No. 4462-VCL (Del. Ch., revised December 14, 2009), read opinion here. Short Introduction This decision provides an excellent analysis of the policy foundations for, and the important distinctions between, advancement and indemnification rights pursuant to DGCL Section 145. After explaining the important distinctions between advancement...
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