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Article: Delaware Chancery Court Revisits Oversight Liability And Corporate Waste.
- Article from:
- Mondaq Business Briefing
- Article date:
- March 31, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Delaware Court of Chancery recently handed down what is likely to be an influential decision relating to oversight liability of directors and the doctrine of corporate waste. In re Citigroup Shareholder Derivative Litigation, C.A. No. 3338-CC, 2009 Del. Ch. LEXIS 25 (Feb. 24, 2009), involved claims brought by shareholders of Citigroup (the "Company") against current and former directors and officers of the Company, alleging various claims relating to the Company's subprime lending practices and investments that ultimately left the Company exposed to massive losses and also relating to excessive compensation practices. In the decision, the Court: (1) declined to hold ...
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Article: SECURITY CAN'T TAKE BACK SEAT TO SYMBOLISM
US Fed News Service, Including US State News;
December 17, 2009 ;
700+ words
... ... the United States, their lawyers stand ready to challenge in court the Administration's decision to incarcerate detainees indefinitely ... detainees and their lawyers to succeed in doing so. "The Supreme Court has repeatedly held that foreign nationals have more rights ...
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