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Duties of Directors of Wholly-Owned, Financially Troubled Subsidiaries

By Francis Pileggi on October 25, 2011
Posted in Commentary

Professor J. Haskell Murray of the Regent University School of Law, a former law clerk for the Delaware Court of Chancery, has published a paper on an issue about which the Delaware courts have not yet provided clear and unambiguous guidance. An excerpt from an abstract of the professor’s paper, titled: ‘Latchkey Corporations’: Fiduciary Duties…

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