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Corporate & Securities Law

: BusinessAssociationsBlog.com

CA v. AFSCME: The Decision is Out; CA Wins

By Stephen Bainbridge

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The Delaware Supreme Court’s opinion is out and available from Jay Brown’s site. Quick reactions: We are not cited. We are depressed.  Nonetheless, we are pleased to see a strong affirmation of the principle of director primacy: “it is well-established that stockholders of a corporation subject to the DGCL may not directly manage the business and affairs of the...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on July 17, 2008 (boomark / email).

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