BOARD HAD DUTY TO GET BEST PRICE EVEN IF MAJORITY COULD BLOCK OTHER DEALS McMullin v. Beran | Secondary Sources | Westlaw

BOARD HAD DUTY TO GET BEST PRICE EVEN IF MAJORITY COULD BLOCK OTHER DEALS McMullin v. Beran | Secondary Sources | Westlaw

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BOARD HAD DUTY TO GET BEST PRICE EVEN IF MAJORITY COULD BLOCK OTHER DEALS McMullin v. Beran

16 No. 5 ANCODLLR 3Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 2 pages)

BOARD HAD DUTY TO GET BEST PRICE EVEN IF MAJORITY COULD BLOCK OTHER DEALS McMullin v. Beran

16 No. 5 ANCODLLR 3Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 2 pages)

16 No. 5 Andrews Corp. Off. & Directors Liab. Litig. Rep. 3
Andrews Corporate Officers and Directors Liability Litigation Reporter
December 18, 2000
Breach of Duty
Copyright (c) 2000 Andrews Publications

BOARD HAD DUTY TO GET BEST PRICE EVEN IF MAJORITY COULD BLOCK OTHER DEALS

McMullin v. Beran

Delaware's high court revived a shareholder challenge to the sale of ARCO Chemical Company after finding that its directors might have breached their duty by rubber-stamping the deal that ARCO's parent, Atlantic Richfield Co., negotiated. Even though...
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