Clarifying the scope of Delaware Corporation Indemnification Law

Article Abstract:

A 1998 Delaware Supreme Court decision addressing the extent to which a corporate actor serving at another corporation's behest is entitled to indemnification from personal liability for litigation and other expenses is discussed. An overview of Delaware indemnification law is provided, along with a discussion of the decision's ramifications.

Corporate officers, Indemnity against liability, Liability indemnity

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Delaware post-merger derivatives suit standing and demand requirements

Article Abstract:

The author discusses Professional Management Associates, Inc. v. Coss, in which the Minnesota Court of Appeals ruled that, under Delaware law, shareholders who receive stock in a new parent companying in exchange for shares in a new subsidiary retain standing after a merger.

Minnesota, Stockholders' derivative actions, Shareholder lawsuits

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Waste not, want not: an analysis of stock option plans, executive compensation, and the property standard of waste

Article Abstract:

The author examines the use of stock option plans in executive compensation and analyzes the question of whether the classic standard of waste is the proper one for evaluating executive compensation plans under Delaware law.

Laws, regulations and rules, Compensation and benefits, Stock options, Executives, Executive compensation, Waste (Economics)

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