NO DISCLOSURE DUTY FOR DIRECTORS WHO LEARNED OF BUYOUT AT LAST MINUTE
Johnson v. Shapiro
The central question in determining the liability of the Garden Ridge Corp. directors for a stealth-going private plan was “what did they know and when did they know it,” a Delaware state court judge has ruled. Most of the directors were not liable...
NO DISCLOSURE DUTY FOR DIRECTORS WHO LEARNED OF BUYOUT AT LAST MINUTE
Johnson v. Shapiro