CEO'S MERGER COMPENSATION MIGHT BE WASTE OF ASSETS, DELAWARE COURT DECIDES Parnes v. Bally Entertainment Corp. | Secondary Sources | Westlaw

CEO'S MERGER COMPENSATION MIGHT BE WASTE OF ASSETS, DELAWARE COURT DECIDES Parnes v. Bally Entertainment Corp. | Secondary Sources | Westlaw

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CEO'S MERGER COMPENSATION MIGHT BE WASTE OF ASSETS, DELAWARE COURT DECIDES Parnes v. Bally Entertainment Corp.

1997 ANCODLLR 21253Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 3 pages)

CEO'S MERGER COMPENSATION MIGHT BE WASTE OF ASSETS, DELAWARE COURT DECIDES Parnes v. Bally Entertainment Corp.

1997 ANCODLLR 21253Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 3 pages)

1997 Andrews Corp. Off. & Directors Liab. Litig. Rep. 21253
Andrews Corporate Officers and Directors Liability Litigation Reporter
May 28, 1997
Waste of Asset
Copyright (c) 1997 Andrews Publications

CEO'S MERGER COMPENSATION MIGHT BE WASTE OF ASSETS, DELAWARE COURT DECIDES

Parnes v. Bally Entertainment Corp.

A disgruntled shareholder of Bally Entertainment Corp. (BEC) got the green light to pursue his Delaware Chancery Court claim that the board wasted corporate assets by paying its CEO an exorbitant amount of compensation for his role in arranging a...
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