Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery
Freedman v. Adams, Del. Supr., No. 230, 2012 (Jan. 14, 2013).
Issue Addressed
Whether the decision by a board to pay executive compensation without structuring it to take advantage of tax deductions was a breach of fiduciary duty or corporate waste. Short Answer: No.
Short Overview
This decision by the Delaware Supreme Court…
Last year, I replied to Professor J. Robert Brown’s list of the top 5 Delaware cases that, in his view, supported his negative perspective of Delaware law that remains the constant refrain on his blog called: The Race to the Bottom.
My introductory explanation from my rebuttal of last year was as follows:
… I realize that there are many
…