Andrews Corporate Officers and Directors Liability Litigation Reporter
July 1, 2002
Indemnification (Fees for Fees):
Copyright (c) 2002 Andrews Publications
DEL. HIGH COURT ALLOWS OFFICERS TO RECOVER ‘FEES FOR FEES' LEGAL COSTS
Stifel Fin. Corp. v. Cochran
In an issue-of-first-impression ruling that will impact the Enron litigation and prompt most of America's corporations to consider revising their charters, the Delaware Supreme Court said officers and directors can recover the cost of forcing the...