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Delaware Court Decides in Favor of Board in Director Compensation Lawsuit
Winston & Strawn LLP 
July 8, 2015 "Now along comes a Chancery Court decision reciting Disney-esque facts and governance practices, but finding in favor of the board at the motion to dismiss stage (Freidman v. Dolan). This is, of course, great news for Delaware corporations and their board members. And what was the magic bullet that differentiated this case from those allowing compensation lawsuits to go forward? ... [T]he fact that the company maintained a separate stock plan for the non-employee directors." |
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