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My post on Wood v. Baum, in which the Delaware Supreme Court enforced a fiduciary opt out in a publicly held LLC, is up on the Harvard blog. This case is particularly important given the recent Ryan case. With the Delaware courts retreating from 102(b)(7), unincorporated firms are looking like the only reliable refuge from Van Gorkom.
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Listed below are links to weblogs that reference Wood v. Baum discussed on the Harvard Corporate Governance Blog:
» Major Decision by Chancery Court on Corporate Law Aspects of Mergers and Acquisitions from Delaware Corporate and Commercial Litigation Blog
In Ryan v. Lyondell Chemical Company, (Del. Ch., July 29, 2008), read opinion here, the Delaware Chancery Court rendered a decision that is must reading for anyone who needs to know the latest developments in Delaware corporate law involvin... [Read More]
» Fiduciary Duties and merchant Princes from Unincorporated Business Law Prof Blog
posted by Gary Rosin The recent opinion by the Delaware Chancery court in Ryan v. Lyondell Chemical Co., C.A. No. 3176-VCN (Del. Ch. Ct. July 29, 2008), has stirred up the blawg-o-sphere (begin with Francis Pileggi, then see Steve Bainbridge, [Read More]
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