Caremark Claim Based on Business Risks Dismissed ...Middle East

TOP world News today - News
Caremark Claim Based on Business Risks Dismissed
The Court of Chancery granted a motion to dismiss on December 14, 2023, in Segway, Inc. vs. Cai where the plaintiff, Segway Inc. (“Segway” or the “Company”), alleged a Caremark oversight claim against Judy Cai, the former president of the company.2 In the Court’s succinct memorandum opinion, Vice Chancellor Lori Will forcefully rejected Segway’s theory that “everyday business problems” could constitute a fiduciary’s breach of the duty of oversight or that there is a lower pleading standard when a Caremark claim is brought against an officer as opposed to a director. Instead, the Court confirmed the “enduring principles” of the Caremark doctrine that “[l]iability can only attach in the rare

Hence then, the article about caremark claim based on business risks dismissed was published today ( ) and is available on TOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Caremark Claim Based on Business Risks Dismissed )

Apple Storegoogle play

Last updated :

Also on site :