Recent Delaware decisions lay the groundwork for business
judgement suits applied to actions taken by companies before
the housing mortgage crisis.
February decisions by the Chancery Court in
American International Group, Consolidated Derivative
In re Citigroup Shareholder Derivative
Litigation established the first requirements
to deny and grant dismissals in business judgement claims
relating to risk analysis.
There are differences in the facts and in the
arguments, but it shows what you can and cant argue in
the Delaware court, said Alan Stone of...