Professor Larry Ribstein, a scholar often cited in the opinions of Delaware Courts, writes here about the impact of the recent SEC fine against Citigroup, and compares it with the decision of the Court of Chancery that dismissed a Caremark claim against Citigroup, and how all this relates to the creeping federalization of corporate law, including fiduciary duties. The highlights of Chancery’s opinion in the Citigroup case are available here.