Andrews Corporate Officers and Directors Liability Litigation Reporter
December 14, 1998
Copyright (c) 1998 Andrews Publications
DE HIGH COURT SAYS DIRECTORS' PRE-LITIGATION CONDUCT JUSTIFIES FEE SHIFT FOR BAD FAITH
Johnston v. Vendel and Arbitrium
The conduct of defendant officers before the beginning of litigation may be used to determine that their bad faith defense of a shareholder suit to oust them justifies a $1.6 million attorney fee award against them, a Delaware Supreme Court panel...